PARIS/BERLIN (Reuters) – Airbus parent EADS (EAD.PA: Quote, Profile, Research, Stock Buzz) came under fire on Tuesday from shareholders France and Germany over plans to cut 5,800 jobs, but its chief executive said that ignoring weak defense and space markets would have put even more jobs at risk.
EADS said a three-year reorganization of its defense and space activities would affect 4,500 jobs on its main payroll, of which 1,500 would be redeployed to commercial planemaker Airbus and helicopter unit Eurocopter. <ID:L6N0JO389>
PARIS (Reuters) – Airbus parent EADS risked a collision with unions and European politicians by unveiling plans to cut 5,800 mainly defence and space jobs that for a first time include significant forced redundancies, driven by weak European budgets.
Breaking a taboo on forced job cuts throughout most of its 13-year history, the aerospace group said 1,500 people would be found new posts and some would not see temporary contracts renewed, but 1,000-1,450 people could not be spared redundancy.
PARIS (Reuters) – Airbus parent EADS (EAD.PA: Quote, Profile, Research, Stock Buzz) plans to cut 5,800 European jobs in a three-year restructuring of its defense and space activities, the European aerospace group said on Monday.
The cuts will be spread between Britain, France, Germany and Spain and will include 1,000 to 1,450 net redundancies, putting Europe’s largest aerospace company on a potential collision course with a French union that pledged to resist forced cuts.
By Tim Hepher
(Reuters) – Air Canada (ACb.TO: Quote, Profile, Research, Stock Buzz) appears close to deciding whether to buy up to 60 new narrowbody jets from Airbus (EAD.PA: Quote, Profile, Research, Stock Buzz) or Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz), a decision that could settle which of the giant plane makers wins their annual order race, industry sources said.
The Canadian flag carrier has said it is looking to renew its fleet of single-aisle aircraft, which currently includes more than 50 Airbus A320 and A321 jets, as well as 45 Embraer 190 planes.
PARIS (Reuters) – Two founding industrial shareholders of Airbus parent EADS will join a group of current and former managers on trial in a long-running insider trading case, prosecutors said on Monday, but EADS called for charges to be dismissed.
In the latest twist to a saga that has haunted EADS ever since its A380 superjumbo hit unexpected development delays in 2006, an official at the French public prosecutor’s office said French media group Lagardere and German carmaker Daimler would stand trial.
(Reuters) – While foreign ministers raced to Geneva for a crucial phase of talks over Iran’s nuclear activities earlier this month, passengers with the country’s national airline faced a little-noticed drama on the other side of the world.
As a 37-year-old Boeing 747 climbed out of Beijing bound for Tehran, the Iranian crew received a cockpit alert that one of the jumbo jet’s four Pratt & Whitney engines was on fire.
Nov 28 (Reuters) – While foreign ministers raced to Geneva
for a crucial phase of talks over Iran’s nuclear activities
earlier this month, passengers with the country’s national
airline faced a little-noticed drama on the other side of the
As a 37-year-old Boeing 747 climbed out of Beijing bound for
Tehran, the Iranian crew received a cockpit alert that one of
the jumbo jet’s four Pratt & Whitney engines was on fire.
DUBAI, Nov 21 (Reuters) – Planemakers left Dubai with a
record $200 billion in deals after a desert rainstorm forced
organisers to cancel the last day of its air show – an event
that demonstrated their growing reliance on the Gulf to secure
support for big jets.
A flurry of dealmaking gave Boeing the momentum it needed to
launch its latest aircraft, known as the 777X, with some 250
orders worth $100 billion, as reported by Reuters last week.
DUBAI (Reuters) – Emirates’ whopping order for 50 of the world’s biggest jets should end doubts about the project that had even crept into manufacturer Airbus, the airline’s chief told Reuters, adding it was so sure of filling the planes it might have bought 10 more.
By announcing a $23 billion A380 order at the Dubai Airshow, Emirates turned round the fortunes of a recently slow-selling jet that is synonymous not only with Europe’s industrial ambitions but also the rapid growth of its largest customer.
DUBAI (Reuters) – Airbus and Boeing agreed to triple purchases of parts and materials from Abu Dhabi in deals worth over $5 billion on Monday, as Gulf states seek a reciprocal boost to their economies from huge orders they have placed with the planemakers.
A shift of emphasis on day two of the Dubai Airshow accelerated the growth in aircraft parts manufacturing in countries where demand is strongest and will spread part of the profits generated by $150 billion of brand-new plane orders.