Airbus chief prepares to deliver restructuring plan
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The new chief executive of European airliner manufacturer Airbus is set to present a vast restructuring plan for the group to the board of parent company EADS, union sources told AFP.
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Planemaker Airbus will announce on Wednesday plans to cut 10,000 jobs in four European countries, but will force contractors to share the pain of cuts which could provoke labor unrest, industry sources said.Comment
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PLANEMAKER Airbus is looking to slash 10,000 jobs as part of its restructuring plan, French Prime Minister Dominique de Villepin confirmed yesterday.Comment
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Airbus was at the center of mounting industrial tensions Tuesday as the European aircraft maker prepared to unveil a long-awaited restructuring program likely to include thousands of job cuts and the sale of ...Comment
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French Airbus chief Louis Gallois is drawing up compromise restructuring proposals, people familiar with the discussions said Tuesday, after the main German shareholder blocked a plan designed to help the ...Comment
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Pending job cuts at Airbus are expected to top the agenda at a meeting between German Chancellor Angela Merkel and French President Jacques Chirac in Germany on Friday.Comment
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The crisis at Airbus is to feature in a top-level Franco-German meeting in Paris this week amid a blur of uncertainty over cuts to pull the flagship A380 superjumbo out of trouble.
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The European aerospace group EADS, parent of crisis-hit Airbus, could announce next week the disposal of four factories in France, matching cutbacks in Germany.
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German Chancellor Angela Merkel and  French President Jacques Chirac will discuss the situation at  Airbus  on Friday but Germany insisted management and  not politicians should decide on a restructuring of the firm.
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Airbus, reeling from a management shakeup that followed delays in its flagship superjumbo jet program, unveiled a long-awaited revamp of its mid-sized A350 on Monday.
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European leaders are concerned over job cuts German and French leaders are in talks to address how an overhaul of Airbus will affect their respective countries and try to resolve their differences.Comment
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Airbus parent EADS  has pledged to consult workers before selling plants or cutting jobs as part of a plan to rescue the planemaker, the works council at EADS said on Friday.
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Philippe Camus, co-CEO of EADS, said the A350 was part of a long-term strategy for Airbus, taking both companies&#39; needs and technological progress into account.
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Two of Germany's seven Airbus plants are to be sold as part of a restructuring programme designed to cut costs at the European planemaker, the newspaper Bild reported Tuesday.Comment
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Mr Forgeard, current chief executive of Airbus, the European aircraft manufacturer 80 per cent owned by EADS, will replace Philippe Camus as the French co-chief executive of EADS.
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European plane maker Airbus is to finally unveil its restructuring plan on Wednesday amid signs of growing frustration in its workforce and clamour for resistance from trade unions.
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Airbus expects to deliver more commercial jets this year than the 305 it delivered in 2003, when it overtook Boeing Co., a senior executive said Thursday.