Airbus reveals restructuring plan, 10,000 job cuts

Manufacturing News, Source : The Manufacturer US
Published : 01 Mar 2007 13:47

Airbus has revealed its restructuring plan, which it calls Power8.

The plan would save the European airplane manufacturer planemaker $6.6 billion by 2010, then about $2.5 billion in subsequent years.

As The Economist describes, the costs are heavy: 10,000 workers will be cut, and the French and German factions of this Franco-German company are debating from where those workers will be cut.

The A380 airplane, says Economist, is a reminder of both European ingenuity, and of "the price of running such a huge, border-straddling, venture. The political thrust that created Airbus has left a long wake of turbulent infighting." Airbus has some 57,000 workers and another 30,000 employees of contractors under its wing. Half the job losses will hit the contractors, an Airbus will lose 5,000 through attrition.

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