Airbus imposes management cuts to save money
The competition heats up: In restructuring to cut costs and reduce its bureaucracy Airbus has decided to make significant management cuts and merge different divisions.
More here, including this revealing quote:
The move is the latest in [Airbus Chief Executive Tom] Enders’ four-year campaign to overhaul the company in the wake of the 2012 failed merger attempt with Europe’s largest arms maker BAE Systems PLC. “For me this is the logical conclusion of the journey we started in 2012,” Mr. Enders said.
After the deal faltered on German government opposition, he won shareholder backing for a new structure that reduced French, German and Spanish government involvement in company decision making, a legacy of the founding of the company in 2000 through the combination of European aerospace and defense assets.
The first link above also adds this:
[Airbus] changed its name from EADS and overhauled its governance in 2013-14, limiting the influence of French and German minority state shareholdings and granting more independence to management under German-born Chief Executive Tom Enders. But it remained saddled with separate bureaucracies and confusion over the brand, with the planemaking unit keeping the core “Airbus” identity and no fewer than five CEOs spread across the parent company, three units and one geographical division.
In other words, this restructuring is intended to remove any further government influence on the management of the company. Rather than provide pork for politicians, Airbus will now focus on maximizing its profits. The thinking here also corresponds with how the company organized its joint partnership with Safran and took over design and construction of Ariane 6 from the bureaucracy of the European Space Agency. Expect similar management cuts and even the possible elimination entirely of ESA’s Arianespace division in the coming years.
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The competition heats up: In restructuring to cut costs and reduce its bureaucracy Airbus has decided to make significant management cuts and merge different divisions.
More here, including this revealing quote:
The move is the latest in [Airbus Chief Executive Tom] Enders’ four-year campaign to overhaul the company in the wake of the 2012 failed merger attempt with Europe’s largest arms maker BAE Systems PLC. “For me this is the logical conclusion of the journey we started in 2012,” Mr. Enders said.
After the deal faltered on German government opposition, he won shareholder backing for a new structure that reduced French, German and Spanish government involvement in company decision making, a legacy of the founding of the company in 2000 through the combination of European aerospace and defense assets.
The first link above also adds this:
[Airbus] changed its name from EADS and overhauled its governance in 2013-14, limiting the influence of French and German minority state shareholdings and granting more independence to management under German-born Chief Executive Tom Enders. But it remained saddled with separate bureaucracies and confusion over the brand, with the planemaking unit keeping the core “Airbus” identity and no fewer than five CEOs spread across the parent company, three units and one geographical division.
In other words, this restructuring is intended to remove any further government influence on the management of the company. Rather than provide pork for politicians, Airbus will now focus on maximizing its profits. The thinking here also corresponds with how the company organized its joint partnership with Safran and took over design and construction of Ariane 6 from the bureaucracy of the European Space Agency. Expect similar management cuts and even the possible elimination entirely of ESA’s Arianespace division in the coming years.
Readers!
Every February I run a fund-raising drive during my birthday month. This year I celebrate my 72nd birthday, and hope and plan to continue writing and posting on Behind the Black for as long as I am able.
I hope my readers will support this effort. As I did in my November fund-raising drive, I am offering autographed copies of my books for large donations. Donate $250 and you can have a choice of the hardback of either Genesis: the Story of Apollo 8 or Conscious Choice: The origins of slavery in America and why it matters today and for our future in outer space. Donate $200 and you can get an autographed paperback copy of either.
Please consider supporting my work here at Behind the Black. My analysis of space, politics, and culture, taken from the perspective of an historian, is almost always on the money and ahead of the game. For example, in 2020 I correctly predicted that the COVID 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. Every one of those 2020 conclusions has turned out right.
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.
You can support me either by giving a one-time contribution or a regular subscription. There are four 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 or subscription:
4. 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.
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