Location of affected unit(s):
Germany, France, Spain, Great Britain
Manufacture of transport equipment
30 - Manufacture of other transport equipment
Planned Job Reductions min:
Planned Job Reductions max:
Type of Restructuring:
Employment Effect Start:
Foreseen End Date:
On 28 February, EADS the parent company of Airbus presented the restructuring programme, Power 8, for Airbus. According to the programme a total of 10000 jobs will be cut, whereof a majority in the factories: 3700 in Germany, 3200 in France, 1600 in Great Britain and 400 in Spain. In addition, the head office in Toulouse will be reduced by 1100 jobs.
The reductions are planned to take place during a four year period and half of the reductions will be made among permanent employees. The other half will affect temporary or on-site subcontractors where reductions will begin immediately.
Initially, reductions will be achieved through negotiated voluntary severance schemes. Should these schemes not reach the expected outcomes within the next 12 to 18 months, other measures will be considered.
The reduction programme aims at saving 2.1 billion Euro yearly from 2010. The programme is a result of Airbus' heavy crises after failing to deliver the superjumbo model A380 on time.