Airbus to cut up to 2,500 jobs in space division
The Peninsula
Paris: Airbus plans to cut up to 2,500 jobs in its struggling satellite division, a source said Wednesday the latest sign of trouble for the Europe...
Paris: Airbus plans to cut up to 2,500 jobs in its struggling satellite division, a source said Wednesday -- the latest sign of trouble for the European aerospace industry.
The source, who is close to talks between management and unions, said the aviation giant had begun informing worker representatives Wednesday morning.
It will hit its entire defence and space division.
Airbus and the main French unions there refused to comment ahead of meetings this afternoon with employee representatives.
Details of the job cuts were not immediately known, the source said on condition of anonymity.
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