Feeds

'Painful' job losses likely at Airbus

A380 delays provoke 'cost-cutting measures'

SANS - Survey on application security programs

Airbus's new boss Louis Gallois has warned the company faces "painful" job losses as a result of delays to the A380 "Superjumbo" programme, the BBC reports.

Gallois, who today replaced Christian Streiff as top gun after the latter managed just three months in the big seat, said "cost-cutting measures would be evenly split between Airbus's French and German operations". He explained the plans would include the "eliminations of posts, and we will have to pose questions about sites", confirming: "There will be job losses."

Streiff is believed to have jumped ship in a dispute with Airbus parent company EADS over cash for the troubled A380 programme. He is said to have wanted more money to deal with the "wiring problems" which have now caused three delays to the commercial roll-out of the aircraft.

EADS last week announced its third revised delivery schedule for the A380. Its press release explained: "According to this revised plan, the first A380 will be delivered in October 2007. Thirteen more will be delivered in 2008 and 25 in 2009. The industrial ramp-up will be completed in 2010, when 45 A380s are going to be delivered."

The latest delay will cost EADS an extra €2.8bn in profits over the next four years, in addition to the €2bn announced in June 2006. It may also cost it some hefty compensation claims from customers such as Virgin Atlantic and Singapore Airlines which have expressed increasing disquiet over the set-backs.

The impact of the job cuts in the UK is unknown. Airbus has two British plants designing and manufacturing A380 wings - at Broughton, north Wales and Filton, near Bristol.

Rolls-Royce last week announced suspension of A380 Trent 900 engine production, although the effects on the workforce are as yet unclear. ®

3 Big data security analytics techniques

More from The Register

next story
Most Americans doubt Big Bang, not too sure about evolution, climate change – survey
Science no match for religion, politics, business interests
KILLER SPONGES menacing California coastline
Surfers are safe, crustaceans less so
Discovery time for 200m WONDER MATERIALS shaved from 4 MILLENNIA... to 4 years
Alloy, Alloy: Boffins in speed-classification breakthrough
LOHAN and the amazing technicolor spaceplane
Our Vulture 2 livery is wrapped, and it's les noix du mutt
Liftoff! SpaceX Falcon 9 lifts Dragon on third resupply mission to ISS
SpaceX snaps smartly into one-second launch window
STEALTHY NANOROBOTS dress up as viruses, prepare to sneak into YOUR BODY
Cloaking techniques nicked from viruses tackle roadblocks on way to medical frontier
Elon Musk's LEAKY THRUSTER gas stalls Space Station supply run
Helium seeps from Falcon 9 first stage, delays new legs for NASA robonaut
prev story

Whitepapers

Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.