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Airbus sees 'painful' job losses Airbus sees 'painful' job losses
(about 1 hour 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.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 href="/1/hi/business/5142590.stm" class="">Profile: Louis Gallois
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 postsElimination 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 feesPenalty 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.