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Union fears over Airbus job cuts Union fears over Airbus job cuts
(about 6 hours later)
Major job cuts at Airbus could be up for debate when its parent company EADS holds a board meeting later on Friday, unions at the planemaker have claimed.Major job cuts at Airbus could be up for debate when its parent company EADS holds a board meeting later on Friday, unions at the planemaker have claimed.
With Airbus continuing to be hit by delay problems to its A380 super-jumbo, the CGT union fears the pan-European firm will deepen cost-cutting measures.With Airbus continuing to be hit by delay problems to its A380 super-jumbo, the CGT union fears the pan-European firm will deepen cost-cutting measures.
Analysts say Airbus, which makes its wings in north Wales, is likely to reduce short term contracts.Analysts say Airbus, which makes its wings in north Wales, is likely to reduce short term contracts.
UK firm BAE Systems recently agreed to sell its 20% stake in Airbus to EADS.UK firm BAE Systems recently agreed to sell its 20% stake in Airbus to EADS.
The 2.75bn euro (£1.87bn; $3.53bn) sale will give Franco-German EADS complete ownership of Airbus.The 2.75bn euro (£1.87bn; $3.53bn) sale will give Franco-German EADS complete ownership of Airbus.
BAE Systems said it was pulling out of Airbus as it saw the problems at the planemaker getting worse before they get better.BAE Systems said it was pulling out of Airbus as it saw the problems at the planemaker getting worse before they get better.
Wiring problemsWiring problems
Airbus warned last week that deliveries of the A380, which is already a year late, would be further delayed due to continuing problems with its wiring systems.Airbus warned last week that deliveries of the A380, which is already a year late, would be further delayed due to continuing problems with its wiring systems.
The planemaker has sold 159 of the $250m jets to 16 airlines including Emirates, Virgin, Air France and Qantas, many of whom are likely to demand penalties for late delivery of the aircraft.The planemaker has sold 159 of the $250m jets to 16 airlines including Emirates, Virgin, Air France and Qantas, many of whom are likely to demand penalties for late delivery of the aircraft.
When commercial services do begin, the twin deck A380 will become the world's largest airline, able to seat more than 800 passengers. When commercial services do begin, the twin deck A380 will become the world's largest airliner, able to seat more than 800 passengers.
Airbus, which employs 57,000 people, already plans to find annual cost savings of 1.5bn euros.Airbus, which employs 57,000 people, already plans to find annual cost savings of 1.5bn euros.