Airbus says lower delivery plan could impact up to 3,700 jobs - InvestingChannel

Airbus says lower delivery plan could impact up to 3,700 jobs

Following the previously announced changes to the A380 and A400M delivery plans, Airbus confirms the formal adjustment of production rates for its A380 and A400M programs. The new plan, which was presented to the European Works Council today, involves the production of six A380s per year starting from 2020 and eight A400Ms per year, also as of 2020. “Airbus is now entering into a formal social process with staff representatives at European and national levels to analyze potential implications for the company’s workforce and to start joint mitigation efforts,” the company added. At this stage, Airbus estimates the maximum impact of these measures will affect up to 3,700 positions at sites across the company’s home countries of France, Germany, the United Kingdom and Spain. The company said, “The adjustment of the A380 production rate follows a recent order which provides visibility to the programme for the years to come. As previously announced, at a baseline of 6 deliveries per year, Airbus can produce the A380 in an industrial efficient way over the coming years. This baseline allows Airbus to pursue further sales campaigns which may lead to higher production levels.”