The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture For Transport Equipment Manufacture Of Other Transport Equipment 30.30 - Manufacture of air and spacecraft and related machinery
470 jobs Number of planned job losses
Announcement Date
7 March 2018
Employment effect (start)
1 June 2018
Foreseen end date
Description
Airbus Group SE has announced a reduction of its current workforce by 470 positions in France in the framework of a larger restructuring affecting the EU with a total of 3,700 job cuts. Airbus needs to reduce the production of two models facing difficulties: the superjumbo A380 and the A400 military plane. The demand for the A480 remains weak and the company announced deliveries would fall to six a year from 2020, down from an anticipated 12 deliveries this year. The A400M programme has been hit by delays and cost overruns. Deliveries of the military plane will fall from 15 this year to eight in 2020. The management has announced to avoid any forced dismissal and estimates able to set up reemployment measures within the company to mitigate the number of job cuts. Previous annoucement of job reductions within the group Airbus in France recorded 546 job cuts in June 2017 and 582 job cuts by Airbus Helicopters announced in October 2016.
Eurofound (2018), Airbus, Internal restructuring in France, factsheet number 94730, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/94730.
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