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| Version 2 | Version 3 |
|---|---|
| Wrangling hits Airbus restructure | Wrangling hits Airbus restructure |
| (about 6 hours later) | |
| Airbus has been forced to postpone an announcement on a major overhaul of the business, amid disagreement between its various European partners. | Airbus has been forced to postpone an announcement on a major overhaul of the business, amid disagreement between its various European partners. |
| The struggling planemaker said it had shelved plans to reveal a radical restructuring, likely to result in thousands of job losses, on Tuesday. | The struggling planemaker said it had shelved plans to reveal a radical restructuring, likely to result in thousands of job losses, on Tuesday. |
| France, Germany, the UK and Spain, all home to Airbus factories, have been unable to agree on future contracts. | France, Germany, the UK and Spain, all home to Airbus factories, have been unable to agree on future contracts. |
| Costly delays to the A380 superjumbo have hit the company's finances. | Costly delays to the A380 superjumbo have hit the company's finances. |
| Seeking consensus | Seeking consensus |
| Parent firm EADS says Airbus needs to reduce its costs by 5bn euros (£3.4bn) by 2010 to boost productivity and make up for the losses from the delays to the flagship project. | Parent firm EADS says Airbus needs to reduce its costs by 5bn euros (£3.4bn) by 2010 to boost productivity and make up for the losses from the delays to the flagship project. |
| Further savings after 2010 - in the region of 2bn euros a year - are also likely. | Further savings after 2010 - in the region of 2bn euros a year - are also likely. |
| Its shares ended the day almost 3% higher in Paris. | |
| I wish that they can lead to a consensus we urgently need Louis Gallois, Airbus chief executive | I wish that they can lead to a consensus we urgently need Louis Gallois, Airbus chief executive |
| Government ministers and union officials from all four countries have been lobbying Airbus bosses in recent days, fearing that plants in their countries will bear the brunt of the cuts. | Government ministers and union officials from all four countries have been lobbying Airbus bosses in recent days, fearing that plants in their countries will bear the brunt of the cuts. |
| Newspaper reports have suggested that Airbus could cut up to 12,000 jobs from its 57,000-strong workforce. | Newspaper reports have suggested that Airbus could cut up to 12,000 jobs from its 57,000-strong workforce. |
| But Airbus said it had been unable to reach a "consensus" on the restructuring, particularly over which plants in which countries would handle the manufacturing and final assembly of the new A350 plane. | But Airbus said it had been unable to reach a "consensus" on the restructuring, particularly over which plants in which countries would handle the manufacturing and final assembly of the new A350 plane. |
| AIRBUS EUROPEAN PLANTS Toulouse: 11,500 staffSaint Nazaire: 2,300Nantes: 2,000Meaulte: 1,200Hamburg: 10,000Bremen: 3,100Nordenham: 2,100Stade: 1,500Buxtehude: 350Laupheim: 1,100Getafe: 2,000Cadiz: 500Madrid: 500Filton: 6,500Broughton: 5,000 | AIRBUS EUROPEAN PLANTS Toulouse: 11,500 staffSaint Nazaire: 2,300Nantes: 2,000Meaulte: 1,200Hamburg: 10,000Bremen: 3,100Nordenham: 2,100Stade: 1,500Buxtehude: 350Laupheim: 1,100Getafe: 2,000Cadiz: 500Madrid: 500Filton: 6,500Broughton: 5,000 |
| The firm said it hoped to resume negotiations on how contracts to build the plane - finally approved in December - would be shared out in the next few days. | The firm said it hoped to resume negotiations on how contracts to build the plane - finally approved in December - would be shared out in the next few days. |
| "I made proposals which I deem balanced, both from an industrial and a technological point of view, and which serve our objective of economic competitiveness," Louis Gallois, chief executive of both Airbus and EADS, said. | "I made proposals which I deem balanced, both from an industrial and a technological point of view, and which serve our objective of economic competitiveness," Louis Gallois, chief executive of both Airbus and EADS, said. |
| "I wish that they can lead to a consensus we urgently need." | "I wish that they can lead to a consensus we urgently need." |
| Mr Gallois stressed that a decision on the future shape and size of the business could not be delayed any longer, saying that staff were "eager" to know about their futures. | Mr Gallois stressed that a decision on the future shape and size of the business could not be delayed any longer, saying that staff were "eager" to know about their futures. |
| Airbus' main factory is in Toulouse, where the firm is based. | Airbus' main factory is in Toulouse, where the firm is based. |
| Among its German plants, the company employs more than 10,000 staff in Hamburg, where final assembly of three models takes place. | Among its German plants, the company employs more than 10,000 staff in Hamburg, where final assembly of three models takes place. |
| In the UK, the firm operates plants at Filton, near Bristol, and Broughton, in North Wales, employing more than 11,000 staff in total. | In the UK, the firm operates plants at Filton, near Bristol, and Broughton, in North Wales, employing more than 11,000 staff in total. |