Free Newsletters - Space - Defense - Environment - Energy
..
. Farming News .




MILPLEX
EADS to cut 5,800 jobs in Europe in restructuring
by Staff Writers
Berlin (AFP) Dec 10, 2013


European aerospace giant EADS, the maker of Airbus aircraft, announced plans Monday to cut 5,800 jobs in its defence and space division over three years.

The job cuts, part of a major restructuring in the face of falling orders, will affect the group's workforce in Germany, France, Spain and Britain, the company said in a statement.

The news came after a meeting of its European works council with chief executive Tom Enders, whose bold plan to merge the conglomerate with Britain's defence group BAE Systems was torpedoed last year with a surprise veto by Germany.

"We need to improve our competitiveness in defence and space -- and we need to do it now," Enders said, according to the statement.

"With our traditional markets down, we urgently need to improve access to international customers, to growth markets. For that to work, we need to cut costs, eliminate product and resource overlaps, create synergies in our operations and product portfolio and better focus our Research and Development efforts."

He added: "That's what the restructuring and integration plan for our defence and space business is all about."

An industry source said about 2,600 of the job cuts would be in Germany, around 1,700 in France, 700 in Britain and another 600 in Spain.

However France's Labour Minister Michel Sapin insisted later that despite the thousands of defence job losses at EADS there would be no forced layoffs.

Speaking on French television he said that efforts would be made "to slide personnel who currently work in armaments towards the civil sector".

He assured that "there will be no layoffs. Not one single person is going to the unemployment centre as within the group itself there are jobs being created".

Anticipating fierce resistance from labour representatives, the company said it would do what it could to cushion the impact of the cuts, due to be completed by the end of 2016.

Furloughed employees will be offered redeployment in 1,500 jobs at the company's Airbus and Eurocopter divisions.

About 1,300 short-term contracts will not be renewed, and with voluntary measures, the company estimated final redundancies to come in at between 1,000 and 1,450 employees.

"The group also intends to enter into negotiations with its works councils to seek agreements on labour cost reductions which could help mitigate the social impact of the restructuring plan," it added.

EADS has previously announced that it is changing its name to Airbus to raise its public profile.

The overhauled defence and space division, to be called Airbus DS, will have a streamlined legal structure to cut costs and be up and running by January 1, the company said.

Shares in EADS rose 0.82 percent to 50.49 euros in Paris on the news.

But a French union, the FO Metalworkers' Federation, reacted angrily to the announcement, protesting that EADS on the whole "is doing well financially and its order books are in good shape".

It said the group's focus on improving its profit margin should not come at the expense of its staff and urged the French state as a major shareholder to fight to protect jobs.

"FO calls on EADS to avoid layoffs and appeals to its sense of responsibility and solidarity so that no employee will be left behind," it said.

Enders has stressed that the company cannot continue with business as usual while government clients are increasingly resorting to cuts to the military to shore up strained public finances.

He has cited lost orders worth several billion euros (dollars) in Germany alone that the company had thought were certain.

In November, Germany's biggest union IG Metall held industrial action as a warning against the company's expected restructuring plans.

IG Metall's Ruediger Luetjen, who is head of EADS' European works council, said in a statement the union was unhappy that forced redundancies had not been excluded from the restructuring plan.

These "aren't an option" when EADS is highly profitable, said Luetjen, adding, "competitiveness isn't increased when one loses highly qualified and motivated people".

But the overhaul is seen by management as unavoidable after the failed plan to merge with BAE.

That was shelved after objections from Germany, which had worried it would trigger major job losses.

The success of the Airbus division came after a radical restructuring in 2007 in a plan that originally called for 10,000 job cuts, but in the end cost 7,900 jobs.

.


Related Links
The Military Industrial Complex at SpaceWar.com
Learn about the Superpowers of the 21st Century at SpaceWar.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





MILPLEX
Russia indicts former defence minister
Moscow (AFP) Dec 06, 2013
Russian investigators on Friday formally charged an ex-defence minister with negligence and did not rule out expanding the charges following a further investigation. Anatoly Serdyukov, who was fired a year ago in a major corruption scandal, has been charged with negligence for using servicemen to build a road to a private residence in southern Russia, the Investigative Committee said. Th ... read more


MILPLEX
Mysteries of Earth's radiation belts uncovered by NASA twin spacecraft

Mapping the world's largest coral reef

Indra To Manage And Operate The Main Sentinel-2

NASA iPad app highlights the face of a changing Earth

MILPLEX
'Smart' wig navigates by GPS, monitors brainwaves

CIA, Pentagon trying to hinder construction of GLONASS stations in US

GPS 3 Prototype Communicates With GPS Constellation

Russia to enforce GLONASS Over GPS

MILPLEX
More logging, deforestation may better serve climate in some areas

Humans threaten wetlands' ability to keep pace with sea-level rise

Development near Oregon, Washington public forests

Researchers identify genetic fingerprints of endangered conifers

MILPLEX
Ground broken on $6 million Hungarian farm biogas plant

Team reports on US trials of bioenergy grasses

Companies could make the switch to wood power

Turning waste into power with bacteria and loofahs

MILPLEX
Research team finds way to make solar cells thin, efficient and flexible

Solar-Powered Pocono Raceway Set to Host the Pocono INDYCAR 400

Solar cell degradation observed directly for the first time

MGM Resorts International Partners With NRG Solar To Launch Commercial Solar Project

MILPLEX
Morgan Advanced Materials Delivers Superior Insulation Solution To Wind Farm

Renewable Energy Infrastructure Fund acquires 16 MW wind power asset from O2

Ethiopia spearheads green energy in sub-Saharan Africa

Small-Wind Power Market to Reach $3 Billion by 2020

MILPLEX
Coal rush ravages Indonesian Borneo

Plans for Australian rail line for transporting coal move forward

'Coal summit' stokes trouble at climate talks

Coal-addicted Poland gears for key UN climate talks

MILPLEX
Human rights a matter for China, not US: Beijing

US urges China to free Nobel laureate

Stuffed toy wolf becomes anti-government symbol in Hong Kong

China bans shark fin soup from official receptions




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement