Airbus plans to cut thousands of jobs throughout Europe

(FILE) - A plane flies over an Airbus flag in Blagnac, Southern France. EPA-EFE/GUILLAUME HORCAJUELO

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Airbus announced it planned to cut 2,362 jobs in its Defence and Space division, which is headquartered near Munich, over the next two years.

The European multinational aerospace company will 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.

The planemaker cited a “flat space market and postponed contracts on the defense side” for the decision behind the job cuts.

Airbus added that it was collaborating with its European works council on its restructuring.

“Airbus Defence and Space will provide updates on its plans and continues a constructive dialogue with employee representatives,” it said in a statement.

Airbus reported last week a net loss of €1.36 billion ($1.47 billion) for 2019. The loss was mainly due to a €3.6-billion fine over a bribery scandal as well as additional development costs for the Airbus A400M Atlas, a four-engine turboprop military transport aircraft.

Recurring technical problems with the A400M led the German air force to reject delivery of two of the aircraft last year.

The division also lost a promising potential customer after Germany banned defense exports to Saudi Arabia, Airbus Defence and Space chief Dirk Hoke told Reuters.

The ban cost the company €221 million; it was imposed after the murder of Saudi journalist Jamal Khashoggi in the autumn of 2018.

The company’s Defence and Space division accounts for 15% of Airbus revenue.

Read more via DW/Airbus

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