Airbus announces job cuts of 10,000
Wednesday, February 28, 2007 Airbus, Europe‘s biggest aircraft manufacturer, has announced 10,000 job cuts over the next four years. The news comes as its parent company, EADS starts a major restructuring programme because the company is not efficient enough. Louis Gallois, the Airbus chief executive, said the company expects to cut approximately 4,300 jobs in France, 3,700 in Germany, 1,600 in UK and 400 in Spain. About half of those cuts will be made among…