French labor minister Michel Sapin Tuesday said European Aeronautic Defence & Space Co. (EAD.FR) shouldn’t cut its overall staffing level in France after the company announced plans Monday to cut 5,800 jobs through 2016 in Europe in its military and space units.
“France finds it unacceptable that a business like EADS cuts jobs overall while it has the capacity to take on those who lose their jobs” in another sector, Mr. Sapin said on French radio station Europe 1.
Mr. Sapin said that as a large, profitable company, EADS has a “duty” to ensure that there are no forced lay-offs and workers have opportunities elsewhere in the company.
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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 … Continue reading »
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 … Continue reading »