Stock

Airbus to cut up to 2,500 jobs in defence and space, sources say

1 Mins read

PARIS (Reuters) -Airbus plans to cut up to 2,500 posts in its Defence & Space division, two people familiar with the matter said on Wednesday.

The European planemaker aims to implement the cuts, which represent 7% of its workforce in the Defence & Space unit, by the middle of 2026, they said, asking not to be identified on measures that have not yet been publicly announced.

Airbus declined to comment.

Its business has been hit by heavy charges in space systems, including OneSat, and delays and rising costs in defence.

The job cuts, first reported by French news agency AFP, follow a longstanding efficiency review code-named ATOM.

This post appeared first on investing.com

Related posts
Stock

How ETFs are remaking the market

1 Mins read
Investing.com — Exchange-traded funds are reshaping global markets with record-breaking growth. In 2024, the ETF industry reached $15 trillion in assets, saw…
Stock

Can Saudi markets weather an oil winter?

2 Mins read
Investing.com — Saudi Arabia’s financial markets face a challenging outlook as the nation grapples with the prospect of an “oil winter.”  Analysts…
Stock

Japan’s antitrust watchdog to find Google violated law in search case, Nikkei reports

1 Mins read
(Reuters) -Japan’s competition watchdog is expected to find Google guilty of violating the country’s antitrust law, Nikkei Asia reported on Sunday, citing…

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.