Airbus Defense and Space in Talks With European Works Council Over Restructuring
February 19 2020 - 1:29PM
Dow Jones News
By Giulia Petroni
Airbus SE said Wednesday that its defense-and-space division has
entered a consultation process with the European Works Council on
its planned restructuring.
The European plane maker said the plan foresees a reduction of
approximately 2,360 positions until the end of 2021, including 630
positions in Spain, 357 in the U.K., 404 in France and 829 in
Germany, among others.
"Airbus Defense and Space will provide updates on its plans and
continues a constructive dialogue with employee representatives,"
the company said. "Further financial implications are under
assessment and will be communicated at a later stage."
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
February 19, 2020 13:14 ET (18:14 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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