Airbus to cut up to 2,500 jobs in space, defence unit
- Posted on October 16, 2024
- By Business News Today
- 2 Views
Airbus to cut up to 2,500 jobs in space, defence unit
Airbus plans to cut up to 2,500 jobs in its defence and space division, which employs 35,000 people, due to a drop in demand. A source revealed that the job cuts are linked to a 46% decline in net profit, mainly attributed to a massive writedown in its space business.
