Airbus announced plans on Wednesday to cut up to 2,500 jobs in its Defence and Space division after months of heavy losses in its satellites business.
The European aerospace group said it aimed to carry out the cuts, which represent 7% of the workforce in its second-largest division, by mid-2026 after talks with unions but would hold off taking an immediate restructuring charge.
Airbus builds satellites and transporters and has key shares in European missile, fighter, and space-launch programmes.
It has been hit by US$1.63 billion of charges in space systems in recent quarters, led by the high-tech OneSat project, and delays and rising costs in defence.
The job cuts, first reported by French news agency AFP, come on top of a more than year-long efficiency review in the defence and space business, code-named ATOM.
comments powered by Disqus
All feeds
