Auto Amazon Links: No products found. Blocked by captcha.
Airbus has announced that it will be reducing its workforce by around 5%, with more than 2,000 jobs to be cut globally by mid 2026. The company clarified that it has no plans to make compulsory redundancies and that “almost all of the positions affected” do not relate to specific projects or programmes. The job cuts are part of Airbus’s effort to trim costs amid the falling profits of the plane-maker.
The UK, which houses about 13,500 of the company’s total workforce, will be affected by the proposed job cuts with 477 jobs set to be axed as the aviation giant mainly scales back its space business. Air power and connected intelligence departments will see 250 and 47 jobs cut respectively while the space sector will bear the brunt of the cuts with 1,128 jobs being terminated. The UK is among the Western Europe countries that will be hit hardest by the downsizing exercise. Others include Spain, Germany, and France.
Airbus is working to reduce its “fixed cost base” and therefore wants to utilise all possible social measures available to alleviate the impact of the job losses by collaborating with its social partners. The job cuts come as Airbus’ profit fell 22% to £1.8bn even as sales rose 7% to £44.5bn in the first nine months to 30th October.
This is not the first time the aviation giant is trimming its workforce; in 2020, it announced 15,000 job cuts across the world, which included 1,700 job losses in the UK, after the COVID-19 pandemic disrupted flights globally. At the time, the Unite union criticised the decision and called it “another act of industrial vandalism” against the UK’s aerospace sector
Read the full article from The BBC here: Read More
Auto Amazon Links: No products found. Blocked by captcha.