Airbus to eliminate 2,500 jobs in its space and defense divisions
Airbus has decided that through 2026 it will eliminate 2,500 jobs in its space and defense divisions.
The Airbus cuts come just months after it said in its second-quarter earnings report that the space division was affecting its financial performance. In those earnings, it took a charge of 989 million euros ($1.08 billion) against the space business, relating to an audit of costs in the division and projected lower revenues.
According the company’s press release, the cuts will be targeting what appears to be a bloated management structure.
Intended measures will include creating a more effective and efficient organisational structure for the Division, especially with regard to headquartered functions.
The company does not plan to lay off anyone against their will. Instead, it will work out a buy-out program, the details of which are not yet known, that will encourage employees to leave voluntarily.
The issues here are probably related to the failure of the Ariane-6 rocket, which though now operational is too expensive to compete effectively in the modern launch market. Though it is built by ArianeGroup, a joint partnership of Airbus and Safran, its losses will percolate back to Airbus itself. That the cuts will target upper management also makes sense. Why does Airbus’s space division need a large payroll at its headquarters if it has shifted its space operations to the subsidiary ArianeGroup?
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Airbus has decided that through 2026 it will eliminate 2,500 jobs in its space and defense divisions.
The Airbus cuts come just months after it said in its second-quarter earnings report that the space division was affecting its financial performance. In those earnings, it took a charge of 989 million euros ($1.08 billion) against the space business, relating to an audit of costs in the division and projected lower revenues.
According the company’s press release, the cuts will be targeting what appears to be a bloated management structure.
Intended measures will include creating a more effective and efficient organisational structure for the Division, especially with regard to headquartered functions.
The company does not plan to lay off anyone against their will. Instead, it will work out a buy-out program, the details of which are not yet known, that will encourage employees to leave voluntarily.
The issues here are probably related to the failure of the Ariane-6 rocket, which though now operational is too expensive to compete effectively in the modern launch market. Though it is built by ArianeGroup, a joint partnership of Airbus and Safran, its losses will percolate back to Airbus itself. That the cuts will target upper management also makes sense. Why does Airbus’s space division need a large payroll at its headquarters if it has shifted its space operations to the subsidiary ArianeGroup?
The support of my readers through the years has given me the freedom and ability to analyze objectively the ongoing renaissance in space, as well as the cultural changes -- for good or ill -- that are happening across America. Four years ago, just before the 2020 election I wrote that Joe Biden's mental health was suspect. Only in this year has the propaganda mainstream media decided to recognize that basic fact.
Fourteen years ago I wrote that SLS and Orion were a bad ideas, a waste of money, would be years behind schedule, and better replaced by commercial private enterprise. Even today NASA and Congress refuse to recognize this reality.
In 2020 when the world panicked over COVID I wrote that the panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Only in the past year have some of our so-called experts in the health field have begun to recognize these facts.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
Please consider supporting my work here at Behind the Black.
You can support me either by giving a one-time contribution or a regular subscription. There are five ways of doing so:
1. Zelle: This is the only internet method that charges no fees. All you have to do is use the Zelle link at your internet bank and give my name and email address (zimmerman at nasw dot org). What you donate is what I get.
2. Patreon: Go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation.
3. A Paypal Donation:
5. Donate by check, payable to Robert Zimmerman and mailed to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
You can also support me by buying one of my books, as noted in the boxes interspersed throughout the webpage or shown in the menu above. And if you buy the books through the ebookit links, I get a larger cut and I get it sooner.
The industrial part of the MIC is at the mercy of gummint spending. While military budgets in the west have never been bigger, most of it is absorbed by the administrative blob and never makes it to the plane and bomb factories. This wont get better. Ever.