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EADS Plans Layoffs, Consolidations In Restructuring Under New Defense Organization

Defense Daily Staff Defense Daily Staff
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Just ahead of a reorganization set to stand up on Jan. 1, 2014, the European Aeronautic Defence and Space Co. (EADS) yesterday said it plans to cut nearly 6,000 jobs and consolidate facilities in four countries to boost the competitiveness of its defense and space business. Beginning with the New Year, EADS will become Airbus Group under a new alignment announced in July to take advantage of its well known brand Airbus, which makes passenger and cargo planes for air…

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