Airbus to slash more than a 1,000 jobs to cut costs
The competition heats up: In a continuing re-organization to cut costs, Airbus yesterday announced plans to slash 1,164 jobs.
The initiative is part of [Airbus Chief Executive Tom] Enders’s four-year campaign to reshape the business in the wake of the failed attempt in 2012 to merge with BAE Systems PLC, Europe’s largest arms maker. After the deal with BAE 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. The old structure was a legacy of the founding of the company in 2000 through the combination of European aerospace and defense assets.
Airbus in 2013 moved to merge its defense and space assets and shed some operations not central to its aerospace business.
This approach matches very well with the company’s joint partnership with Safran and their hard-nosed insistence that they own and control Ariane 6. They are pushing to get the government bureaucracy out of their business so that they can work more efficiently and make more money.
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The competition heats up: In a continuing re-organization to cut costs, Airbus yesterday announced plans to slash 1,164 jobs.
The initiative is part of [Airbus Chief Executive Tom] Enders’s four-year campaign to reshape the business in the wake of the failed attempt in 2012 to merge with BAE Systems PLC, Europe’s largest arms maker. After the deal with BAE 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. The old structure was a legacy of the founding of the company in 2000 through the combination of European aerospace and defense assets.
Airbus in 2013 moved to merge its defense and space assets and shed some operations not central to its aerospace business.
This approach matches very well with the company’s joint partnership with Safran and their hard-nosed insistence that they own and control Ariane 6. They are pushing to get the government bureaucracy out of their business so that they can work more efficiently and make more money.
Readers!
My annual February birthday fund-raising drive for Behind the Black is now over. Thank you to everyone who donated or subscribed. While not a record-setter, the donations were more than sufficient and slightly above average.
As I have said many times before, I can’t express what it means to me to get such support, especially as no one is required to pay anything to read my work. Thank you all again!
For those readers who like my work here at Behind the Black and haven't contributed so far, please consider donating or subscribing. 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.
That’s what happens because Europe doesn’t have a president elect Donald J Trump.