After the troubled US aircraft manufacturer Boeing, its European competitor Airbus now also wants to cut jobs, according to insiders. The plane maker plans to cut up to 2,500 jobs in its defense and space division, two people familiar with the matter told Reuters on Wednesday. The cuts would therefore affect seven percent of the workforce in the area.
The company announced that the dismantling should take place by mid-2026. Airbus’ defense and space division employs almost 35,000 people in Germany and other European countries.
High costs and delays
The business has been hit by high costs for space systems, including OneSat, as well as delays and rising costs in defense. The job cuts, first reported by French news agency AFP, follow a long-running efficiency review codenamed ATOM.
The European group’s space division had to record depreciation of 989 million euros in the first half of the year, thus ruining the Airbus Group’s interim balance sheet. The company says it is in talks with the unions.
When presenting the half-year balance sheet, Airbus boss Guillaume Faury referred to the major challenges in the space business and announced: “We are now tackling the roots of the issue.”
Boeing announced last week that it would cut 17,000 jobs, or 10 percent of its workforce. It was said that the group had to adapt the personnel situation to the “financial realities”.
ePaper
