Airbus in Consultation with European Works Council
Wednesday, February 19, 2020 | Comments

Airbus Defence and Space entered the consultation process with the company’s European works council on the division’s planned restructuring. The need for restructuring was first announced in December 2019 and emphasized during the company’s annual press conference 13 February.

While the underlying business perspectives especially in the core business remain solid, these steps became necessary after the division achieved a book-to-bill ratio below one for the third year in a row, mainly caused by a flat space market and postponed contracts on the defense side, a statement said.

The plans presented to the employee representatives foresee the reduction of 2,362 positions until end of 2021, breaking down to 829 in Germany, 357 in UK, 630 in Spain, 404 in France and 142 in other countries. These efforts will be supported by a reinforced profitability program and further measures to increase long-term competitiveness and safeguard the division’s future positioning.

Airbus Defence and Space will provide updates on its plans. Further financial implications are under assessment and will be communicated at a later stage, a statement said.

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