Airbus Signals Job Cuts at Troubled Jumbo, Military Projects

[McFurd]

Bloomberg - 3/5/2018 - Christopher Jasper - Airbus SE is preparing to announce jobs cuts at two troubled aircraft programs that have been weighing on earnings for years as the planemaker moves to cut manufacturing costs. Airbus’s management will meet with its European Works Council on Wednesday to explain reductions in the production rates of the A380 superjumbo and A400M military-transport programs and “discuss associated implications for the workforce,” it said in a statement Monday. Read more @ https://www.bloomberg.com/news/articles ... y-programs