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    Home » Airbus Targets Job Cuts Amid Space and Defence Programme Challenges

    Airbus Targets Job Cuts Amid Space and Defence Programme Challenges

    Aditya LenkaBy Aditya LenkaOctober 16, 2024 World No Comments2 Mins Read
    Airbus

    Airbus Plans to Cut 2,500 Jobs in Defence and Space Division

    Airbus AIR.PA is planning to reduce up to 2,500 jobs in its Defence and Space division. This move, which has not yet been officially announced, was confirmed by two individuals familiar with the situation. The job cuts represent about 7% of the workforce in this unit. Airbus aims to complete the process by mid-2026, although the company has declined to comment on the matter.


    Reasons Behind the Job Cuts at Airbus

    The decision to cut jobs follows financial struggles in Airbus’ space systems business. Notably, the OneSat satellite programme has faced significant issues, including cost overruns and delays. Additionally, rising costs and setbacks in defence contracts have further strained the company’s finances. These factors have contributed to the need for workforce reductions.

    Longstanding Efficiency Review

    The job cuts stem from an internal efficiency review known as ATOM. This programme has been in place for some time and aims to streamline operations within Airbus’ Defence and Space division. The review, however, has now led to the decision to reduce staff numbers in an effort to improve efficiency and address the financial challenges the company faces.

    Impact on the Workforce

    The planned reduction represents a significant cut for Airbus’ Defence and Space unit. While the specific locations or departments affected have not been disclosed, the news highlights ongoing challenges in the aerospace industry, particularly in sectors like defence and space where complex programmes often lead to financial difficulties.

    Author

    • Aditya Lenka
      Aditya Lenka

      A multi-faceted professional with a diverse range of skills and experiences. He currently works as a Producer, Digital Marketer, and Journalist for several well-known media outlets, namely StratNewsGlobal, BharatShakti, and Interstellar. With a passion for storytelling and a keen eye for detail, Aditya has covered a wide range of topics and events across India, bringing a unique perspective to his work.When he's not busy producing content, Aditya enjoys exploring new places and cuisines, having traveled extensively throughout India. He's also an avid writer and poet, often penning his thoughts and musings in his free time. And when he wants to unwind and relax, Aditya spends time with his two loyal companions, Zorro and Pablo, his beloved dogs.Aditya's dynamic personality and varied interests make him a unique individual, always eager to learn and experience new things.

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    Aditya Lenka
    Aditya Lenka

      A multi-faceted professional with a diverse range of skills and experiences. He currently works as a Producer, Digital Marketer, and Journalist for several well-known media outlets, namely StratNewsGlobal, BharatShakti, and Interstellar. With a passion for storytelling and a keen eye for detail, Aditya has covered a wide range of topics and events across India, bringing a unique perspective to his work.When he's not busy producing content, Aditya enjoys exploring new places and cuisines, having traveled extensively throughout India. He's also an avid writer and poet, often penning his thoughts and musings in his free time. And when he wants to unwind and relax, Aditya spends time with his two loyal companions, Zorro and Pablo, his beloved dogs.Aditya's dynamic personality and varied interests make him a unique individual, always eager to learn and experience new things.

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