Protest over Airbus job cuts

Thousands march against aerospace firm's proposal to axe 10,000 jobs.

    Protests took place across Europe [Reuters]
    Unions warned of tougher action, including the halting of production lines, if Airbus and its parent EADS did not back down on their "Power8" restructuring plan to save 5.0 billion euros ($6.6 billion) by 2010.
     
    Saving cash
     
    The job cuts come as part of the firms response to delays to the A380 superjumbo project.
     
    Airbus says it must urgently save cash to compensate for a weak dollar, which benefits arch-rival Boeing, and boost market hopes for its next model, the mid-sized A350.
     

    On Thursday, Qatar Airways said it planned to buy 80 A350 jets for $17.2bn at catalogue prices, one of the biggest orders in the history of Airbus.

     
    Police in the northern German city of Hamburg, where Airbus has one of two assembly lines, said the protest drew 8-10,000 people.
     
    In Toulouse, where the other Airbus assembly line includes final construction of the A380, an estimated 7,000 people stopped work at Airbus and its suppliers.
     
    In Paris, about 100 people read tracts and played loud music in front of the EADS offices.
     
    Tough measures
     
    Airbus has ruled out forced lay-offs for now but left the door open to tougher measures should the company's fortunes not improve within 12 to 18 months.
     
    A lengthy strike in any of the four Airbus countries - France, Germany, Britain and Spain - would quickly cripple aircraft assembly, which is timed to the minute.
     
    On average one narrow-body aircraft rolls off the line every 9.3 working hours.
     
    In Spain and Britain, which have a smaller share of Airbus construction work, protests were relatively muted, although 500 workers reportedly went on strike in Toledo, central Spain.

    SOURCE: Agencies


    YOU MIGHT ALSO LIKE

    Zimbabwe military's statement after seizing power

    Zimbabwe military's statement after seizing power

    Major General SB Moyo addresses the nation after Zimbabwe's military seizes state TV, blocks off government offices.

    The Muslims of South Korea

    The Muslims of South Korea

    The number of Muslims in South Korea is estimated to be around 100,000, including foreigners.

    Aamir Khan: The Snake Charmer

    Aamir Khan: The Snake Charmer

    Can Aamir Khan create lasting change in Indian society or is he just another Bollywood star playing the role of a hero?