Update: Airbus to axe 7,700 jobs

27th February 2007, Comments 0 comments

FRANKFURT, Feb 27, 2007 (AFP) - European plane maker Airbus is to axe 7,700 jobs -- 3,500 in Germany and 4,200 in France -- as part of its drastic rescue plan to be unveiled later this week, the daily Die Welt reported in its online edition on Tuesday.

FRANKFURT, Feb 27, 2007 (AFP) - European plane maker Airbus is to axe 7,700 jobs -- 3,500 in Germany and 4,200 in France -- as part of its drastic rescue plan to be unveiled later this week, the daily Die Welt reported in its online edition on Tuesday.

Airbus, a unit of the European Aeronautics Defence and Space Company, currently employs 21,000 in Germany and 22,000 in France.

Under the so-called "Power8" restructuring plans, approved by EADS' board of directors on Monday and scheduled to made public on Wednesday, production of Airbus's new A380 super jumbo jet would continue to be shared between France and Germany, Die Welt said, quoting sources close to the company.

The new mid-sized long-haul jet, the A350 XWB, on the other hand, would be assembled largely in France, with only the fuselage to be made in Germany.

And the successor model to the A320 would also be manufactured in Germany, Die Welt said.

On Monday, Airbus' parent company EADS had said that its board of directors "unanimously approved the Power8 plan".

The broad outlines of the "Power8" restructuring plan were first unveiled by Airbus in October, but the detailed planning of the initiative had caused strains between France and Germany over where job cuts would fall.

EADS said that the plan would be unveiled to representatives of Airbus's 55,000-strong workforce on Wednesday and the company would then give details to the public.

Last week, French Prime Minister Domique de Villepin suggested that about 10,000 jobs would be shed under the plan, but the German government said then that this figure was premature.

Copyright AFP

Subject: French news

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