All
 

 

Just in:  

You are here: Home»Business»Industries & Sectors»EADS announces up to 850 job cuts in defence arm

eads-PARIS: European aerospace group EADS, which controls Airbus, said on Friday that it would shed up to 850 jobs through voluntary departures in a restructuring of its defence and security arm Cassidian.

 

The objective, announced in September, is to increase competitiveness with annual economies of at least 200 million euros ($260 million) per year by 2014.

 

Trade union sources said most of the job cuts will take place in Germany, with about a hundred each in France and Britain and a few dozen in Finland.

 

The company said administrative personnel would be the most affected.

 

Cassidian, which already announced 900 job losses in 2011, employs 28,000 people or about a fifth of total EADS employees.

 

The defence unit builds the Eurofighter combat plane in a joint venture with Britain's BAE Systems and Italy's Finmeccanica and posted sales in 2011 of 5.8 billion euros.

 

The job cuts come after an attempted merger of EADS with BAE Systems failed on reported resistance by Germany.

 

Copyright AFP (Agence France-Presse), 2012


 



 
Index Closing Chg%
Arrow DJIA 16,677.90 1.32
Arrow Nasdaq 4,452.79 1.60
Arrow S&P 1,950.82 1.23
Arrow FTSE 6,419.15 0.30
Arrow DAX 9,047.31 1.20
Arrow CAC-40 4,157.68 1.28
Arrow Nikkei 15,138.96 0.37
Arrow H.Seng 23,333.18 0.30
Arrow Sensex 26,851.05 0.24





where to buy

cheap wedding dresses

online - weddingdresstrend.com


Banking Review 2013


Buy new style hair wigs at cheap price on Ishowigs.com

Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 23, 2014
Reserves $13.465 bln