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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Total News Sources0
Leaning Left13Leaning Right12Center18Last UpdatedBias Distribution42% Center
Bias Distribution
- 42% of the sources are Center
42% Center
L 30%
C 42%
R 28%
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