Airbus to shed 1,000 jobs

Airbus to shed 1,000 jobs

Airbus is to shed more than 1,100 jobs in a cost-cutting measure that will merge its corporate headquarters with its commercial aircraft unit.

The European manufacturer announced the 1,164 job losses to unions yesterday.

Airbus, which employs 136,000 people, also said it would transfer 325 positions, in part as it completes the relocation of headquarters staff from former centres in Paris and Munich to Toulouse.

Another 230 positions would be created to help the company embrace digital technologies.

The positions being lost are mainly in support and office roles.

The job losses will be pursued through a combination of measures, including voluntary departures, redeployments and early retirements, the company said. It hopes to finalise talks with unions by mid-2017.

Chief executive Tom Enders said: “The integration will ultimately strengthen Airbus in its ability to ensure future competitiveness and to remain a global leader in the aerospace industry.”

He said in September that the restructuring would yield significant savings, quicken decision-making and narrow a profitability gap with rival Boeing, the Wall Street Journal reported.

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