Restructuring need was first announced in December 2019 and emphasised during the company’s Annual Press Conference in Toulouse February 13
Airbus Defence and Space on 19 February 2020 entered the consultation process with the company’s European works council on the division’s planned restructuring.
The plans presented to the employee representatives foresee the reduction of 2,362 positions until end of 2021, thereof 829 in Germany, 357 in UK, 630 in Spain, 404 in France and 142 in other countries. These efforts will be supported by a reinforced profitability programme and further measures to increase long-term competitiveness and safeguard the division’s future positioning.
“While the underlying business perspectives especially in the core business remain solid, these steps became necessary after the division achieved a book-to-bill ratio below 1 for the third year in a row, mainly caused by a flat space market and postponed contracts on the defence side,” Airbus said in a statement.
The need for restructuring was first announced in December 2019 and emphasised also during the company’s Annual Press Conference in Toulouse, France on February 13.
The statement added that the Airbus Defence and Space will provide updates on its plans and continues a constructive dialogue with employee representatives. Further financial implications are under assessment and will be communicated at a later stage.
Airbus is a global leader in aeronautics, space and related services. In 2019, it generated revenues of EURO 70 billion and employed a workforce of around 1,35,000. Airbus offers the most comprehensive range of passenger airliners. Airbus is also a European leader providing tanker, combat, transport and mission aircraft, as well as one of the world’s leading space companies. In helicopters, Airbus provides the most efficient civil and military rotorcraft solutions worldwide.