EADSY - Airbus Launches 'LEAD!' Initiative Reportedly Aims To Strengthen Aircraft Manufacturing Ahead Of Boeing's Recovery | Benzinga
Airbus SE (OTC:EADSY) has reportedly initiated a cost-cutting program and implemented a hiring freeze to bolster performance in its main aircraft manufacturing business for 2024 and beyond, following recent adjustments to production targets.
Dubbed “LEAD!” the new initiative aims to promptly address rising aircraft costs and tackle underlying productivity challenges as Airbus prepares for the eventual rebound of its struggling U.S. competitor, Boeing Company (NYSE:BA), Reuters reported, ...