Massive job cuts for Airbus on cards

Massive job cuts for Airbus on cards
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First Published: Wed, Feb 28 2007. 08 37 PM IST
Updated: Wed, Feb 28 2007. 08 37 PM IST
AFP
TOULOUSE, France: European airliner maker Airbus told staff representatives on 28 February that its restructuring plan would cost 10,000 jobs, half of them at subcontractors, a union source said.
Airbus had decided to sell, or hand over to partners, six of its sites in Europe under its restructuring plan called “Power8”, the source said.
The future A350 medium-range airliner is to be assembled at the factory at Toulouse, and the factory at Hamburg, Germany, will increase its operations in assembling the A320 series of aircraft, in a switch of work from Toulouse, the source said.
Company president Louis Gallois presented details of the plan, to make huge economies and restructure the business, to union representatives at the group’s headquarters here in southwestern France, as required by law.
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First Published: Wed, Feb 28 2007. 08 37 PM IST
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