European plane maker Airbus has finally revealed details of its major restructuring which Chief Executive Louis Gallois said was triggered by the delays to the A380 super jumbo, but he insisted the company’s most serious problem is the weakness of the dollar against the euro.
Gallois explained half the job losses at Airbus will be permanent staff and the rest involve contract workers. He said: “Our target is to reduce by 10,000 overhead staff. It will be fairly shared between the different countries. Airbus Germany 3,700, Airbus France 3,200, Airbus UK 1,600, Airbus Spain 400 and the central entity (the Toulouse headquarters) 1,100.”
The company will also sell its factories at Laupheim and Varel in Germany and look for investors to take a partial stake in Nordenham. In France, St. Nazaire will be closed and Meaulte is to be partly sold off, which led to union protests at both plants.
Filton, in the south west of England also will seek outside investors, but it has been awarded new carbon-fibre composites work for wings.
The breakdown of layoffs and closures follows much political wrangling – particularly between Berlin and Paris – which also focused on how future aircraft production would be distributed.