Daily Sabah logo

Politics
Diplomacy Legislation War On Terror EU Affairs Elections News Analysis
TÜRKİYE
Istanbul Education Investigations Minorities Expat Corner Diaspora
World
Mid-East Europe Americas Asia Pacific Africa Syrian Crisis Islamophobia
Business
Automotive Economy Energy Finance Tourism Tech Defense Transportation News Analysis
Lifestyle
Health Environment Travel Food Fashion Science Religion History Feature Expat Corner
Arts
Cinema Music Events Portrait Reviews Performing Arts
Sports
Football Basketball Motorsports Tennis
Opinion
Columns Op-Ed Reader's Corner Editorial
PHOTO GALLERY
JOBS ABOUT US RSS PRIVACY CONTACT US
© Turkuvaz Haberleşme ve Yayıncılık 2025

Daily Sabah - Latest & Breaking News from Turkey | Istanbul

  • Politics
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • Elections
    • News Analysis
  • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Expat Corner
    • Diaspora
  • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • Islamophobia
  • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
  • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
  • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Reviews
    • Performing Arts
  • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
  • Gallery
  • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
  • TV

Airbus fires 1,100 workers in French and German sites

by

PARIS Nov 29, 2016 - 12:00 am GMT+3
Employees of the European Aircraft maker Airbus plant in Toulouse-Blagnac stand next to a newly assembled A380 aircraft in Blagnac, France on Nov. 25, 2016. (AFP Photo)
Employees of the European Aircraft maker Airbus plant in Toulouse-Blagnac stand next to a newly assembled A380 aircraft in Blagnac, France on Nov. 25, 2016. (AFP Photo)
by Nov 29, 2016 12:00 am

European Aircraft maker Airbus announced Tuesday it was cutting more than 1,100 jobs in Europe and closing one of its sites in the Paris region as part of an ongoing restructuring programme.

A total of 640 jobs will be lost in France, mostly affecting operations in Suresnes, near Paris, where a research facility will close.

Another 429 jobs will go at German sites including in Hamburg, Bremen, Ulm and Ottobrunn, near Munich.

"Airbus Group envisages a progressive reduction of its current workforce of around 136,000 by a maximum of 1,164 positions," it said in a statement.

Unions accuse Airbus of following "financial logic" in cutting jobs at a time when its order book is worth nearly 1.0 trillion euros ($1.05 trillion), equivalent to eight to 10 years of production.

Airbus however is running into headwinds, prompting the search for cost-cutting opportunities.

Its helicopter division has suffered from a weak market, the company has had to set aside nearly two billion euros of provisions to cover the cost of its military A400M model, and its A380 flagship has been slow to take off commercially.

Its restructuring project, called Gemini, aims to merge the company's commercial aircraft division into a new entity, Airbus Group, by the summer of 2017.

  • shortlink copied
  • Last Update: Nov 29, 2016 6:18 pm
    KEYWORDS
    business
    The Daily Sabah Newsletter
    Keep up to date with what’s happening in Turkey, it’s region and the world.
    You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
    No Image
    World’s fastest growing cities in last 2 decades
    PHOTOGALLERY
    • POLITICS
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • News Analysis
    • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Diaspora
    • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • İslamophobia
    • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
    • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
    • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Performing Arts
    • Reviews
    • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
    • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
    • Photo gallery
    • DS TV
    • Jobs
    • privacy
    • about us
    • contact us
    • RSS
    © Turkuvaz Haberleşme ve Yayıncılık 2021