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Wednesday, February 28, 2007
By Steven L. Taylor

Via the BBC: Airbus confirms 10,000 job cuts:

France will be worst hit with 4,300 job losses. Germany will see 3,700 jobs go while the UK and Spain will see 1,600 and 400 jobs cut respectively.

Airbus boss Louis Gallois said the firm was “facing huge challenges” and “was not efficient enough”.

Now, will this be taken by investors as further evidence of the weakening of the global economy, or will it be seen as Airbus doing the right thing to cut costs and to therefore improve efficiency?

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2 Responses to “Airbus to Cut 10,000 Jobs”

  1. KipEsquire Says:

    Or perhaps the folly of government subsdizing of politically favored industries?

  2. MichaelB Says:

    I think that it *should* be taken as a sign that Airbus is moving to cut costs and improve efficiency. Airbus orders in 2006 were pretty strong, and so were deliveries. It was problems with the A380 that hurt their performance.


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