Airbus confirms 10,000 job cuts
Troubled planemaker Airbus has announced it is to cut 10,000 jobs across Europe over the next four years. France will be worst hit with 4,300 job losses. Germany will see 3,700 jobs go while the UK and Spain will see 1,600 and 400 jobs cut respectively. Airbus said it would not force any compulsory redundancies but unions have pledged to fight the cuts. Airbus boss Louis Gallois said the firm was "facing huge challenges" and "was not efficient enough." Airbus is also reviewing the future of three of its plants, at Laupheim, Saint-Nazaire and Varel, with options including their sale to suppliers or management.
See "Airbus confirms 10,000 job cuts", BBC News, BBC News Online, February 27, 2007