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| Airbus sees 'painful' job losses | Airbus sees 'painful' job losses |
| (about 2 hours later) | |
| The newly appointed boss of Airbus has warned there are likely to be "painful" job losses at the plane firm in light of delays to its A380 superjumbo. | The newly appointed boss of Airbus has warned there are likely to be "painful" job losses at the plane firm in light of delays to its A380 superjumbo. |
| Louis Gallois, who replaces Christian Streiff, said cost-cutting measures would be evenly split between Airbus' French and German operations. | Louis Gallois, who replaces Christian Streiff, said cost-cutting measures would be evenly split between Airbus' French and German operations. |
| An Airbus spokesman said it was too early to specify whether there would be any impact on the firm's UK plants. | |
| Mr Streiff is said to have quit Airbus after a dispute with parent firm EADS. | Mr Streiff is said to have quit Airbus after a dispute with parent firm EADS. |
| There will be job losses Airbus boss Louis Gallois A380 delays | There will be job losses Airbus boss Louis Gallois A380 delays |
| He is rumoured to have wanted more cash from Franco-German EADS to help speed up the A380 project, which has now been delayed by two years due to wiring problems. | He is rumoured to have wanted more cash from Franco-German EADS to help speed up the A380 project, which has now been delayed by two years due to wiring problems. |
| Mr Streiff was only in the top job at Airbus for three months. | Mr Streiff was only in the top job at Airbus for three months. |
| Elimination of posts | Elimination of posts |
| Mr Gallois, who is co-head of EADS, will continue in both jobs. | Mr Gallois, who is co-head of EADS, will continue in both jobs. |
| He said that cost-cutting plans would include the "eliminations of posts, and we will have to pose questions about sites". | He said that cost-cutting plans would include the "eliminations of posts, and we will have to pose questions about sites". |
| "There will be job losses," he said. | "There will be job losses," he said. |
| Whatever is decided would take place "after several months of work" and be marked by "dialogue and balance", he added. | Whatever is decided would take place "after several months of work" and be marked by "dialogue and balance", he added. |
| Airbus designs and makes its wings at two sites in the UK - Broughton in north Wales and Filton near Bristol. | Airbus designs and makes its wings at two sites in the UK - Broughton in north Wales and Filton near Bristol. |
| The firm has already detailed plans to cut $2bn (£1.07bn) in costs from 2010 onwards. | The firm has already detailed plans to cut $2bn (£1.07bn) in costs from 2010 onwards. |
| Penalty fees | Penalty fees |
| Airbus' problems centre on its forthcoming A380 superjumbo, which has been beset with difficulties. | Airbus' problems centre on its forthcoming A380 superjumbo, which has been beset with difficulties. |
| With the first deliveries now due to be two years late, the delays are set to cost Airbus $6.1bn over the next four years. | With the first deliveries now due to be two years late, the delays are set to cost Airbus $6.1bn over the next four years. |
| It is in light of this figure that Airbus is now embarking on a major cost cutting programme. | It is in light of this figure that Airbus is now embarking on a major cost cutting programme. |
| Airbus has sold 159 of the $250m jets to 16 airlines, many of whom are already demanding penalties for late delivery. | Airbus has sold 159 of the $250m jets to 16 airlines, many of whom are already demanding penalties for late delivery. |