The chaotic beginnings of the A400M military aircraft have a lot to do with this air gap. Airbus Defense & Space, the Space and Defense branch of the European giant, announced this Wednesday, unsurprisingly, a restructuring plan which at this stage provides for the elimination of 2,362 positions "by 2021". The European works council of the group was informed during the day of the details of this plan which should affect 829 jobs in Germany, 404 in France, 357 in the United Kingdom and 142 in other countries.
The group indicates that these adjustments, already in germ during the presentation of the annual results on February 13 in Toulouse, are made necessary "by the sluggishness of the space market" and "the postponement of several defense contracts".
The division, which represents 15% of the group's turnover, made € 8.8 billion in order intake in 2019 but it also recorded a loss of € 881 million. The A400M program alone, 14 of which were delivered last year, required the inclusion of a new charge of 1.2 billion euros.
Economy
Leaded by the A400M and fines, Airbus in the red with a net loss of 1.36 billion euros in 2019
Economy
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