Insightful Word
  • Investing
  • Stock
  • Economy
  • Politics
  • Investing
  • Stock
  • Economy
  • Politics
No Result
View All Result
Insightful Word
No Result
View All Result
Home Stock

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

admin by admin
October 16, 2024
in Stock
0
Airbus to cut up to 2,500 jobs in defence and space, sources say
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter

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

Previous Post

Japan premier Ishiba vows big spending, drifts away from fiscal restraint

Next Post

Nestle’s new CEO may cut guidance in fresh start, some investors warn

admin

admin

Next Post
Nestle’s new CEO may cut guidance in fresh start, some investors warn

Nestle’s new CEO may cut guidance in fresh start, some investors warn

Trending News

iDEGEN price forecast as Wall Street CEOs join Trump’s pro-crypto agenda

iDEGEN price forecast as Wall Street CEOs join Trump’s pro-crypto agenda

January 26, 2025
Iberdrola gives upbeat outlook as strategy pays off

Iberdrola gives upbeat outlook as strategy pays off

October 23, 2024
Box stock price forecast ahead of earnings: buy or sell?

Box stock price forecast ahead of earnings: buy or sell?

May 25, 2025
Subscribe to Insightful Word


    Recent News

    Jaguar Land Rover to cut 500 UK jobs as US tariffs dent exports

    Jaguar Land Rover to cut 500 UK jobs as US tariffs dent exports

    July 17, 2025
    Oracle stock price has surged, but beware of key risks

    Oracle stock price has surged, but beware of key risks

    July 17, 2025
    Starbucks shares slip after Jefferies downgraded the stock

    Starbucks shares slip after Jefferies downgraded the stock

    July 17, 2025
    US stocks open in the green: Dow Jones up 150 points, Nasdaq up 0.2%

    US stocks open in the green: Dow Jones up 150 points, Nasdaq up 0.2%

    July 17, 2025

    Recent News

    Jaguar Land Rover to cut 500 UK jobs as US tariffs dent exports

    Jaguar Land Rover to cut 500 UK jobs as US tariffs dent exports

    July 17, 2025
    Oracle stock price has surged, but beware of key risks

    Oracle stock price has surged, but beware of key risks

    July 17, 2025

    Latest News

    • Jaguar Land Rover to cut 500 UK jobs as US tariffs dent exports
    • Oracle stock price has surged, but beware of key risks
    • Starbucks shares slip after Jefferies downgraded the stock

    About Insightful Word

    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools
    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools

    Copyright © 2025 Insightfulword.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Politics

    Copyright © 2025 Insightfulword.com. All Rights Reserved.