After high losses, Airbus had already announced consequences. It is now clear where savings are being made.
Airbus wants to cut up to 2,500 jobs in its struggling defense and space division. The company also announced that the dismantling should take place by mid-2026. Airbus’ defense and space division employs almost 35,000 people in Germany and other European countries.
The European group’s space division had to record depreciation totaling 989 million euros in the first half of the year, thereby ruining the Airbus Group’s interim balance sheet. The company says it is in talks with the unions.
When presenting the half-year balance sheet, Airbus boss Guillaume Faury referred to the major challenges in the space business and announced: “We are now tackling the roots of the issue.”
Source: Stern
