Published on 16 Oct 2024 on Benzinga
...As Boeing Workers Enter Second Month Of Strike, Rival Airbus Reportedly Plans...
As Boeing Co. BA grapples with a prolonged strike by its factory workers, Airbus SE EADSY has reportedly decided to cut up to 2,500 jobs in its Defence & Space division. This move comes in response to significant financial setbacks in its satellite projects.
What Happened: The European aerospace leader plans to implement these reductions, representing 7% of the division’s workforce, by mid-2026. The information was disclosed by two anonymous sources, as the official announcement is still pending, Reuters reported on Wednesday.