Airbus has announced that it plans to cut 2,362 jobs in its Defence and Space division over the next two years.
Airbus cited a “flat space market and postponed contracts on the defense side” for the decision to cut 829 jobs in Germany, 630 in Spain, 404 in France, and 357 in Britain.
A further 142 jobs will be cut in other countries, it said, adding that it was in talks with its European works council on the restructuring.
“Airbus Defence and Space has entered the consultation process with the company’s European works council on the division’s planned restructuring. While the underlying business perspectives especially in the core business remain solid, these steps became necessary after the division achieved a book-to-bill ratio below 1 for the third year in a row, mainly caused by a flat space market and postponed contracts on the defence side.
The plans presented to the employee representatives foresee the reduction of 2,362 positions until end of 2021, thereof 829 in Germany, 357 in UK, 630 in Spain, 404 in France and 142 in other countries. These efforts will be supported by a reinforced profitability programme and further measures to increase long-term competitiveness and safeguard the division’s future positioning.
The need for restructuring was first announced in December 2019 and emphasized also during the company’s Annual Press Conference in Toulouse on February 13. Airbus Defence and Space will provide updates on its plans and continues a constructive dialogue with employee representatives. Further financial implications are under assessment and will be communicated at a later stage.”