Boeing's European rival Airbus is axing up to 2,500 jobs at its space and defense unit
- Airbus is cutting up to 2,500 jobs in its space and defense unit, representing 7% of the workforce in this division, by mid-2026 after talks with unions.
- The cuts follow Airbus mentioning in its second-quarter earnings report that the space division was affecting its financial performance.
- Mike Schoellhorn, CEO of Airbus's second-largest division, stated, "it was time to take further steps notably in an 'increasingly difficult space market.
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94 Articles
Boeing competitor Airbus to cut up to 2,500 jobs in space, defense sector
Boeing competitor Airbus on Wednesday announced it would take steps to cut 2,500 jobs in the company’s defense and space division through the middle of 2026. Airbus said the job cuts would result from plans to streamline the division’s organizational structure, specifically focusing on headquartered functions and creating more accountability for its business lines, according…
Airbus on Wednesday announced plans to cut up to 2,500 jobs at its Defense and Space division, citing a "complex business environment," particularly with loss-making satellites, CNBC reports.
Airbus to Cut Up to 2,500 Jobs in Defense and Space
PARIS—Airbus announced plans on Wednesday to cut up to 2,500 jobs in its Defense and Space division after spending months taking a deep dive into heavy losses in its satellites business. The European aerospace group said it aimed to carry out the cuts, which represent 7 percent of the workforce in its second-largest division, by mid-2026 after talks with unions but would hold off taking an immediate restructuring charge. Airbus builds satellites…
Airbus to cut up to 2,500 jobs amid space segment losses
The restructuring aims to correct imbalances and restore financial stability to Airbus' defense and space division The post Airbus to cut up to 2,500 jobs amid space segment losses appeared first on SpaceNews.
Malay Mail
brusselssignal.euAirbus to cut up to 2,500 jobs in defence and space, sources say
PARIS, Oct 16 — Airbus plans to cut up to 2,500 posts in its Defence & Space division after spiralling losses on satellite projects, two people familiar with the matter said...
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