Airbus Defence & Space starts consultation on potential job losses
Airbus Defence and Space has begun a consultation process with employee representatives from the group’s European work council over planned redundancies.
It comes as the company achieved a book-to-bill ratio below 1 for the third consecutive year following a stagnation in the space market and several delayed defence contracts.
Airbus plans to restructure the division which will see a potential 2,362 jobs cut by December 2021. This includes 829 in Germany, 357 in the UK, 630 in Spain, 404 in France and 142 in other European operations.
The measures are intended to ‘improve long-term competitiveness and safeguard the division’s future positioning’ according to an Airbus statement.
Following Airbus’ Annual Press Conference in Toulouse on 13 February, further financial measures were said to be under consideration in order to improve the division’s profitability.
Despite these woes, Airbus maintained dominance in the global semi-government and civil helicopter market with 54% of the market share in FY2019. Furthermore, overall consolidated order intakes for FY2019 increased to €81.2bn compared with €55.5bn in FY2018.
More from Defence Notes
-
![What role could holographic and 3D capabilities play in the warfare of tomorrow]()
What role could holographic and 3D capabilities play in the warfare of tomorrow
Holographic and 3D technologies have been lauded by some for their ability to provide technical and operational advantages for military training and planning. But is the hype truly justified?
-
![Unfolding the Golden Dome for America: Seven things you should know about the programme]()
Unfolding the Golden Dome for America: Seven things you should know about the programme
Shephard talked to multiple experts about the most pressing concerns and considerations regarding the air defence system advocated by President Trump.
-
![Industry welcomes UK Strategic Defence Review, but pressure remains on future defence investment plans]()
Industry welcomes UK Strategic Defence Review, but pressure remains on future defence investment plans
While industry reception to the SDR has been positive, questions still remain from analyst and trade associations about what this could mean for future investment and the future UK Defence Industrial Strategy.
-
![UK Strategic Defence Review puts emphasis on autonomy, airpower and munitions]()
UK Strategic Defence Review puts emphasis on autonomy, airpower and munitions
The UK’s Strategic Defence Review (SDR) was launched as one of the first acts of the UK’s new Labour Government in June last year. The review has recommended a major big-picture reform of the country’s forces.
-
![Foreshadowing of UK defence review suggests it is light on programme details]()
Foreshadowing of UK defence review suggests it is light on programme details
The UK’s Strategic Defence Review (SDR) was designed to answer two questions: What is needed to fix UK defence and make it fit for the 2040s, and what do you get for a fixed financial profile? The SDR outlines that work still needs to be done on specifics.
