Airbus Set to Slim Down

Selling six plants to cut production costs is the first step on the road to restoring competitivenessbut it won't address Boeing's currency advantage

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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