Airbus Set to Slim Down
Airbus on Dec. 19 edged closer to selling off six European factories, a key element in a cost-cutting plan to restore its competitive edge. Its parent European Aerospace Defence & Space (EAD.PA) announced the selection of three companies from Germany, France, and Britain, as preferred bidders for the factories, which together employ about 7,400 people, about 13% of the Airbus workforce.
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