EMCC European Monitoring Centre on Change

Airbus

Company/Organisation:
Airbus

Geographic Location

Country: France
Region: Loire-Atlantique; Pays de la Loire; Ouest
Location of affected unit(s): Nantes

Company

Sector: Manufacturing
Manufacture of transport equipment
30 - Manufacture of other transport equipment
Number Employed: 2020
Group: EADS

Employment Effects

Announcement Date: 21-01-2008
Type of Restructuring: Business expansion
Employment Effect Start: 01-01-2008
Foreseen End Date: 31-12-2012
Planned Job Creation: 3000

Additional Information

Airbus Nantes, part of European aircraft manufacturer Airbus, has announced plans to invest 500 millions Euros in its plant in Nantes, thus creating 3,000 jobs over the next five years. The factory Airbus Nantes currently employs 2,020 people. The plant's management said that there are concerns in Europe over the transfer of Airbus operations abroad to cope with the impact of the weakening US Dollar. In February 2007, the CEO of European aircraft manufacturer Airbus announced its restructuring plan, 'Power 8'. The company was planning to cut 3,700 jobs. Airbus is part of European Aeronautic Defence & Space Co.