Airbus: Restructuring At Full Throttle

The aerospace giant's new Power8 planlikely backed by Paris and Berlincalls for massive job cuts and plant closures, but union protests could abort this takeoff

After months of delay, Airbus CEO Louis Gallois finally revealed the company's much-anticipated Power8 restructuring plan Wednesday, offering a bold set of measures which he said will boost mid-term cash flow, help streamline production, and make the company competitive again with American arch-rival Boeing (BA).

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