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Union fears over Airbus job cuts | Union fears over Airbus job cuts |
(about 6 hours later) | |
Major job cuts at Airbus could be up for debate when its parent company EADS holds a board meeting later on Friday, unions at the planemaker have claimed. | Major job cuts at Airbus could be up for debate when its parent company EADS holds a board meeting later on Friday, unions at the planemaker have claimed. |
With Airbus continuing to be hit by delay problems to its A380 super-jumbo, the CGT union fears the pan-European firm will deepen cost-cutting measures. | With Airbus continuing to be hit by delay problems to its A380 super-jumbo, the CGT union fears the pan-European firm will deepen cost-cutting measures. |
Analysts say Airbus, which makes its wings in north Wales, is likely to reduce short term contracts. | Analysts say Airbus, which makes its wings in north Wales, is likely to reduce short term contracts. |
UK firm BAE Systems recently agreed to sell its 20% stake in Airbus to EADS. | UK firm BAE Systems recently agreed to sell its 20% stake in Airbus to EADS. |
The 2.75bn euro (£1.87bn; $3.53bn) sale will give Franco-German EADS complete ownership of Airbus. | The 2.75bn euro (£1.87bn; $3.53bn) sale will give Franco-German EADS complete ownership of Airbus. |
BAE Systems said it was pulling out of Airbus as it saw the problems at the planemaker getting worse before they get better. | BAE Systems said it was pulling out of Airbus as it saw the problems at the planemaker getting worse before they get better. |
Wiring problems | Wiring problems |
Airbus warned last week that deliveries of the A380, which is already a year late, would be further delayed due to continuing problems with its wiring systems. | Airbus warned last week that deliveries of the A380, which is already a year late, would be further delayed due to continuing problems with its wiring systems. |
The planemaker has sold 159 of the $250m jets to 16 airlines including Emirates, Virgin, Air France and Qantas, many of whom are likely to demand penalties for late delivery of the aircraft. | The planemaker has sold 159 of the $250m jets to 16 airlines including Emirates, Virgin, Air France and Qantas, many of whom are likely to demand penalties for late delivery of the aircraft. |
When commercial services do begin, the twin deck A380 will become the world's largest airliner, able to seat more than 800 passengers. | |
Airbus, which employs 57,000 people, already plans to find annual cost savings of 1.5bn euros. | Airbus, which employs 57,000 people, already plans to find annual cost savings of 1.5bn euros. |
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