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Airbus to Cut Up to 2,500 Defense Jobs, 7% of Workforce, by 2026
Oct 16, 2024, 10:12 AM
Airbus SE plans to eliminate up to 2,500 positions in its Defense and Space division in Europe as part of a larger restructuring effort following an ongoing efficiency review aimed at streamlining the underperforming business segment. The job cuts, representing around 7% of the unit's workforce, are expected to be implemented by mid-2026, according to sources familiar with the matter. The decision comes amid financial pressures from charges in space systems, rising defense costs, and spiraling losses on satellite projects. Airbus aims to address program delays and increased competition from companies like Elon Musk’s SpaceX through this restructuring initiative.
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