EADSF - Airbus to cut 750 posts in defence reorganisation - Reuters

2023-11-10 13:46:08 ET

Airbus ( OTCPK:EADSF ) plans to cut 750 posts as part of a newly announced reorganisation of defence and space activities, Reuters reported on Friday.

The report , which cites union sources, said the shake-up is not currently expected to lead to compulsory redundancies and will be achieved mainly through attrition and gaps in hiring over the coming two years.

Airbus did not immediately respond to a request from comments.

This comes after the company’s revenue and earnings rose in the third quarter as the plane-maker said it would increase output of wide-body A350 jets while maintaining its financial and delivery goals for the remainder of 2023.

Earlier in October, the company appointed new heads of operations and sales in the aircraft maker’s latest step to reorganize management.

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