Airbus Unveils Restructuring Plan, Up to 10,000 Layoffs

@bljl520 (148)
March 8, 2007 3:12am CST
European plane maker Airbus unveiled its restructuring plan Wednesday, including up to 10-thousand job cuts. The majority of layoffs will be in France and Germany, where most Airbus production is based, but factories in Britain and Spain also face job cuts. Airbus will also sell several factories to reduce costs. Workers at an Airbus factory in northern France held a spontaneous strike Tuesday to protest the planned layoffs. Also Tuesday, Airbus union leaders threatened further strikes after meeting in Brussels to coordinate strategies. German Chancellor Angela Merkel and French President Jacques Chirac called last week for Airbus to avoid forced layoffs and ensure job cuts are fairly distributed between the two countries.
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