Airbus Targets 10% Cost Cuts over Global Uncertainty and Supply Snags: Reuters Exclusive
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7 Articles
The "cost containment" order targets non-industrial spending in the commercial aircraft division and at the company's headquarters.
Airbus targets 10% cost cuts over global uncertainty and supply snags: Reuters exclusive
Europe’s Airbus is telling thousands of staff to reduce spending by 10 per cent as global uncertainty and supply chain problems continue to squeeze its core jetliner business, three industry sources said.
Airbus wants to reduce its costs by ten percent. Thousands of employees have been instructed to reduce spending. The Group cites global economic uncertainties and ongoing supply chain problems as reasons.
Airbus targets 10% spending cuts amid global economic uncertainty
The newly disclosed "cost-containment" directive specifically targets non-manufacturing expenditures across its commercial aircraft division and corporate headquarters. This belt-tightening measure builds upon "LEAD," an existing two-year-old efficiency and cost-saving initiative already underway within the manufacturer, News.Az reports, citing Reuters. The directive, which has quietly been implemented behind the scenes for several weeks, is des…
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