{"id":168871,"date":"2024-10-16T16:00:58","date_gmt":"2024-10-16T16:00:58","guid":{"rendered":"https:\/?p=168871"},"modified":"2024-10-16T20:22:20","modified_gmt":"2024-10-16T20:22:20","slug":"airbus-to-cut-up-to-2500-jobs-in-defence-and-space","status":"publish","type":"post","link":"https:\/\/aviacionaldia.com\/en\/2024\/10\/airbus-to-cut-up-to-2500-jobs-in-defence-and-space.html","title":{"rendered":"Airbus to cut up to 2,500 jobs in defence and space"},"content":{"rendered":"\n

Airbus <\/strong>announced plans on Wednesday to cut up to 2,500 jobs in its Defence and Space division after spending months taking a deep dive into heavy losses in its satellites business.<\/p>\n\n\n\n

The European aerospace group said it aimed to carry out the cuts, which represent 7% of the workforce in its second-largest division, by mid-2026 after talks with unions but would hold off taking an immediate restructuring charge.<\/p>\n\n\n\n

Airbus builds satellites and transporters and has key shares in European missile, fighter, and space-launch programmes.<\/p>\n\n\n\n

\u2192 Airbus confirms that it delivered 50 jets in September<\/a><\/strong><\/em><\/p>\n\n\n\n

It has been hit by 1.5 billion euros ($1.63 billion) of charges in space systems in recent quarters, led by the high-tech OneSat project, and delays and rising costs in defence.<\/p>\n\n\n\n

The job cuts, first reported by French news agency AFP, come on top of a more than year-long efficiency review in the defence and space business, code-named ATOM.<\/p>\n\n\n\n

Mike Schoellhorn, CEO of Airbus’s second-largest division by revenue, said it was time to take further steps in an “increasingly difficult space market.”<\/p>\n\n\n\n

“This requires us to become faster, leaner and more competitive,” he said in a statement.<\/p>\n\n\n\n

Airbus has been drawing up specific turnaround plans for its struggling Space Systems business without waiting for the outcome of recent satellite consolidation talks that include Italy’s Leonardo as well as France’s Thales.<\/p>\n\n\n\n

Job cuts will also be felt in the Germany-based defence unit’s headquarters.<\/p>\n\n\n\n

Airbus is based in France with core operations also in Germany, Britain and Spain. Governments of the four host nations have been briefed on the restructuring plans, sources said.<\/p>\n\n\n\n

With information from Reuters<\/a><\/p>\n\n\n\n

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