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(update) European aerospace company (EADS) / To cut up to 6,000 jobs

European aerospace company EADS plans to cut between 5,000 and 6,000 jobs and sell its Parisian headquarters as part of a restructuring programme it will detail later on Monday, Le Figaro newspaper reported.

Two industry sources told Reuters last month that the restructuring would cost thousands of jobs but fewer than the 8,000 reported by German news agency DPA.

Chosen excerpts by Job Market Monitor. Read the whole story at 

'Panasonic sees $9_6-billion loss - The Globe and Mail' - www_theglobeandmail_com_report-on-business_international-business_asian-pacific-business_panasonic-sees-96-billion-loss_article4

via EADS to cut up to 6,000 jobs, sell Paris headquarters: report – The Globe and Mail.

EADS / To cut up to 8,000 jobs at Airbus Defence & Space

European aeronautics group EADS is planning to cut up to 20 percent of the roughly 40,000-strong workforce at its newly created Airbus Defence & Space division, German news agency dpa reported on Wednesday, citing “informed sources”.

A company spokesman declined to comment and said there would be more details announced on Dec. 9, when EADS is expected to announce restructuring plans for the division.

The Airbus parent, in which France and Germany each hold 12 percent of the shares, said in July that it could not rule out job cuts as a result of combining its defence and space units.

Chosen excerpts by Job Market Monitor. Read the whole story at 


via EADS to cut up to 20 pct of Airbus Defence & Space jobs -paper | Reuters.

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