Airbus's Superjumbo, A400M Cutbacks Put 3,700 Jobs at Risk
- Factories across company’s four home nations to be affected
- Talks underway on shuffling workforce to mitigate impact
An employee works on the Airbus SE assembly line in Hamburg, Germany, on Feb. 27.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
Airbus SE said reduced production rates for two troubled aircraft programs will affect as many as 3,700 jobs across Europe as the planemaker seeks to cut costs and eke out dwindling backlogs.
The posts are spread across Airbus’s home countries of France, Germany, the U.K. and Spain, the company said in a statement Wednesday. Output of the slow-selling A380 superjumbo will be pared to six jets a year from 2020, while the rate for the A400M military transport will be reduced to eight planes.