Wednesday, 28 February 2007

Airbus announce job cuts across Europe

Today the Airbus President gave a news conference announcing that 10,000 people across Europe would suffer in a job cuts announcement. Of those, 1,600 would be people in the UK.

Airbus have been hindered with delays to its A380 Superjumbo resulting in cancelled orders.

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

He also commented that the weak US dollar had also made the changes necessary.

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