Feeds

Airbus to lay off 10,000

Victims of A380 debacle

Internet Security Threat Report 2014

Airbus CEO Louis Gallois this afternoon announced 10,000 lay-offs of "overhead staff" across the company's European operations in the wake of the A380 debacle.

Airbus Germany will lose 3,700 staff, France 3,200, the UK 1,600, Spain 400, and the company's headquarters in Toulouse will say au revoir to 1,000.

The redundancies are planned over four years, with 50 per cent coming from permanent staff and the remaining half from temporary workers. Gallois said most would come through voluntary redundancies, although if the plan wasn't on track at the end of a 12-month review, Airbus would have to look at more involuntary options.

Gallois fingered the weakness of the US dollar and Airbus's "inefficiency" as contributory factors to the company's woes. He continued that Airbus was manufacturing too much internally, and that it accordingly lacked strong partners which might share develop costs and risk. The A380's development cost €10bn, he noted.

Delivery of the A380 is currently running around two years behind schedule, due principally to wiring problems. UPS this week threatened to cancel its order for 10 freight versions of the airliner if a renewed deadline was not met. ®

Beginner's guide to SSL certificates

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
DOUBLE BONK: Testy fanbois catch Apple Pay picking pockets
Users wail as tapcash transactions are duplicated
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.