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Airbus to sack 2,500 workers

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Admin I Wednesday, October 16, 2024

BERLIN – Airbus plans to cut up to 2,500 jobs in its struggling defence and space flight division by mid-2026, the company announced on Wednesday.

Airbus’ Defence and Space division, which is headquartered in Germany, employs almost 35,000 people across Europe.

The multinational Airbus space flight division recorded write-downs of €989 million ($1.1 billion) in the first half of the year, which had a negative impact on the Airbus Group’s interim balance sheet.

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According to the company, it is in talks with trade unions at the company about the job cuts.

When presenting the half-year results, Airbus chief executive Guillaume Faury referred to the major challenges in the space business and said the company would not tackle the roots of the issue.

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