The defense unit of Airbus Wednesday introduced plans to cut over 2,300 jobs, citing a flat space market and postponed defense contracts.
The U.K. plane manufacturer stated its Airbus Defense and Space division had entered consultation with the group’s European works council on the planned cutbacks.
The plan envisions the sacking of 2,362 positions until the end of 2021, of which 829 would be in Germany, 357 in Britain, 630 in Spain, 404 in France, and 141 in other nations, based on an announcement.
The chief of the defense business stated Saturday that talks had been about to start with labor delegates as the German stationed organization retrenches following reversals with its A400M military transporter.
Recurring technical problems with the A400M led the German air force to refuse delivery of two of the planes last autumn.
The group has taken a 1.2 billion euro ($1.3 billion) charge on the scope of the worsening sale, with a German ban on defense exports to Saudi Arabia causing Airbus Defense and Space to lose a hopeful potential customer, Dirk Hoke stated.
Airbus Defense and Space, born in 2014 as part of a broader shake-up, employs 34,000 workers – 13,000 of them in Germany – and contributes nearly a fifth of revenues to parent organization Airbus.