In the News

Airbus / To cut 5,291 jobs in Germany

Airbus Group (AIR.PA) has told its unions it will shed the equivalent of 5,291 jobs as part of a restructuring of its defense and space activities, with the axe falling most heavily in Germany, a union source said on Monday.

The company said in December it would cut 5,800 full-time and temporary posts as it combines the two divisions into one unit sharing the Airbus name, including 500 corporate jobs.

Of these, 1,500 will be eligible to be rehired by the group\’s commercial planemaking and helicopter subsidiaries and a further 1,300 are temporary workers not on the main payroll.

This leaves 3,000 net job reductions from the main company payroll, just over half of which would be on a voluntary basis, leaving up to 1,450 forced redundancies.

In a detailed internal briefing to the company\’s works council on Monday, Airbus Group said the restructuring would involve 2,438 jobs in Germany, including 1,010 at the Manching Eurofighter combat jet factory, the union source said.

Just over 1,400 jobs would be affected in France, the source added.

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

Reuters

via Germany to feel brunt of 5,291 Airbus job cuts: source | Reuters.

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