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UK 'may face Airbus job battle' UK 'may face Airbus job battle'
(about 4 hours later)
The UK may have to renegotiate the size of job cuts proposed by planemaker Airbus after the French presidency changed, a committee of MPs has warned.The UK may have to renegotiate the size of job cuts proposed by planemaker Airbus after the French presidency changed, a committee of MPs has warned.
Earlier this year, Airbus announced 10,000 jobs losses as part of its 5bn euro (£3.4bn) Power8 cost-cutting plan. Earlier this year, Airbus announced 10,000 jobs losses as part of its 5bn euro (£3.4bn) cost-cutting plan.
The UK was due to lose about 1,500 posts, with France and Germany bearing the brunt of the changes.The UK was due to lose about 1,500 posts, with France and Germany bearing the brunt of the changes.
However, since then France has elected Nicolas Sarkozy, a vocal supporter of Airbus, as its new president. However, since then France has a new president, Nicolas Sarkozy, a vocal supporter of France's role in Airbus.
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See map of Airbus plants in Europe
More job cuts
The worry among MPs is that any attempt to revise the cost-cutting plan may lead to the UK having to bear more job cuts.The worry among MPs is that any attempt to revise the cost-cutting plan may lead to the UK having to bear more job cuts.
"The recent change in the French presidency risks leading to a re-opening of negotiations among the parent countries on the implementation of Power8," the UK's Trade and Industry Committee said in a report. "The recent change in the French presidency risks leading to a re-opening of negotiations among the parent countries," the UK's Trade and Industry Committee said in a report.
"We encourage the UK government to work towards avoiding this possibility," the committee said."We encourage the UK government to work towards avoiding this possibility," the committee said.
Airbus had previously said that it would cut about 1,100 jobs at its Filton plant near Bristol, with the remainder of losses coming at its plant in Broughton, north Wales. Most of the job cuts would be among support staff. Airbus had previously said that it would cut about 1,100 jobs at its Filton plant near Bristol, with the remainder of losses coming at its plant in Broughton, north Wales.
Most of the job cuts would be among support staff.
The Trade and Industry Committee said that, should Airbus want to change the number of UK job losses, then the government should "show the same commendable dedication and determination it showed in arriving at the current agreement".The Trade and Industry Committee said that, should Airbus want to change the number of UK job losses, then the government should "show the same commendable dedication and determination it showed in arriving at the current agreement".
Structure shift
Airbus wants to cut 10,000 of its 57,000 jobs over the next four years, with the loss of 4,300 French jobs and 3,700 German positions. In addition it wants to cut 400 posts in Spain.Airbus wants to cut 10,000 of its 57,000 jobs over the next four years, with the loss of 4,300 French jobs and 3,700 German positions. In addition it wants to cut 400 posts in Spain.
In May, President Sarkozy said that France planned to sell its 15% stake in Airbus, adding that it would also do its "duty" in relation to the company. The company said it needs to make savings because of delays to the launch of its A380 super-jumbo aircraft.
At the same time, a slump in the price of the dollar and rise in the value of the euro have made Airbus more expensive for many of its clients and cut the cost of planes made by its main rival, US manufacturer Boeing.
The revamping of the company's operations is likely to extend to its ownership structure, which sees France, Germany and Spain all holding key stakes.
Airbus's parent company is European aerospace firm EADS.
In May, President Sarkozy said that France planned to sell a 15% stake in Airbus, adding that it would also do its "duty" in relation to the company.
He is due to meet with German Chancellor Angela Merkel next month, and speaking last week said that he was "determined to do all we can so that this extraordinary European success story can continue to grow".He is due to meet with German Chancellor Angela Merkel next month, and speaking last week said that he was "determined to do all we can so that this extraordinary European success story can continue to grow".
AIRBUS EUROPEAN PLANTS FRANCE1. Toulouse: (11,500 staff). Cabin and cargo. Electrics, nose, fuselage, wings.2. Saint Nazaire: (2,300) Nose, centre fuselage.*Faces sell-off or closure3. Nantes: (2,000) Nose, centre fuselage.4. Meaulte: (1,200)Nose, centre fuselage. *Open to investors
GERMANY5. Hamburg: (10,000) Cabin and cargo. Electrics. Fuselage assembly.6. Buxtehude: (350)Cabin and cargo. Communication systems.7. Stade: (1,500)Vertical tail. Design, manufacture, assembly.8. Bremen: (3,100) Cabin and cargo. Fuselage design, production.9. Nordenham: (2,100) Manufacture of fuselage. *Open to investors 10. Varel: (1,100)Machining fuselage parts. *Faces sell-off or closure11. Laupheim: (1,100)Cabin and cargo. Design and manufacture. *Faces sell-off or closure
SPAIN12. Getafe: (2,000) Horizontal tail, A380 rear fuselage. Assembly.13. Puerto Real: (500) Horizontal tail and A380 rear fuselage. Production.14. Illescas: (500)Horizontal tail and A380 rear fuselage. Development.
UK15. Filton: (6,500)Electrics and wing. Design. *Open to investors16. Broughton: (5,000) Wing. Assembly, manufacture. Return to top