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Airbus To Cut 2,043 Jobs From Defence And Space Divisions

The European aerospace group has said it aims to carry out the cuts by mid-2026 but will hold off taking an immediate restructuring charge pending talks with unions.

Emma AscottbyEmma Ascott
December 4, 2024
in News
Reading Time: 1 min read
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Airbus To Cut 2,043 Jobs From Defence And Space Divisions

Branding for Airbus is seen at the Farnborough International Airshow, in Farnborough, Britain, July 22, 2024. REUTERS/Toby Melville/File Photo

Airbus is cutting 2,043 jobs in its Defence & Space businesses, or 6% of the divisional workforce, drawing back slightly from an earlier target of up to 2,500 job reductions, two people familiar with the matter said on Wednesday.

More than half the cuts โ€” affecting 1,128 jobs โ€” will fall in the Space Systems business following 1.5 billion euros ($1.58 billion) of recent writedowns, they told Reuters, asking not to be named.

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An Airbus spokesperson declined to comment on the figures, provided to unions in a briefing.ย ย ย ย ย 

Airbus in October announced plans to cut up to 2,500 jobs in Defence and Space, or 7% of the workforce, after heavy losses in its satellites business led by the troubled OneSat program.

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The European aerospace group has said it aims to carry out the cuts by mid-2026 but will hold off taking an immediate restructuring charge pending talks with unions.

In the plans outlined to unions on Wednesday, Airbus plans to cut 250 jobs in its Air Power or combat aircraft sub-division and 47 in Connected Intelligence, the sources said. The divisional headquarters will shed 618 posts, they added.

Germany will bear the largest share of the overall cuts with 689 positions affected, followed by France with 540, Britain with 477, Spain with 303 and other non-core nations with 34.

($1 = 0.9489 euros)

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(Reporting by Tim Hepher; Editing by Jane Merriman, Richard Lough)

Source: Reuters

 

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Source: Reuters
Tags: BusinessHuman Resources (HR)North AmericaWorkforce
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Emma Ascott

Emma Ascott

Emma Ascott is the Associate Editor for Allwork.Space, based in Phoenix, Arizona. She covers the future of work, labor news, and flexible workplace trends. She graduated from the Walter Cronkite School of Journalism and Mass Communication at Arizona State University, and has written for Arizona PBS as well as a multitude of publications.

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