Is that an Airbus death rattle I hear? [Archive] - Glock Talk

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Tennessee Slim
03-01-2007, 11:04
Airbus to cut 10,000 jobs over four years

PARIS (AP) — Airbus will cut 10,000 jobs over four years, parent company EADS said Wednesday as it unveiled a restructuring plan aimed at helping the planemaker recover after delays to its A380 superjumbo and other setbacks.

European Aeronautic Defense & Space said Airbus plans to offer its Meaulte plant in France, Nordenham in Germany and Filton in Britain to investors and had already received offers. EADS also said it plans to sell or close three other Airbus sites — Saint-Nazaire-Ville in France aand Varel and Laupheim in Germany.

Airbus will shed a total of 4,300 jobs in France, 3,700 in Germany, 1,600 in Britain and 400 in Spain, Chief Executive Louis Gallois told a news conference. Half of the cuts will come from within the 56,000-strong Airbus workforce and the rest from subcontractors, he said.

The "Power8" restructuring program was first announced last year after a two-year production delay to the double-decker A380 wiped 5 billion euros ($6.6 billion) off profit forecasts for 2006-2010. The program aims to claw back the same figure in cost reductions over the period and generate 2.1 billion euros ($2.8 billion) in annual savings in later years.

Airbus has been badly hit by the weakness of the U.S. dollar — the currency in which its planes are priced — and is expected to shift more of its supplier costs and contract work to dollar-linked economies as part of the restructuring effort.

It also has to pay for development of the A350, its 11.6 billion euros ($15.3 billion) answer to the runaway success of U.S. rival Boeing's (BA) 787 in the lucrative market for long-range, midsized planes.

Final assembly of the A350 will be based exclusively in France, Gallois said, instead of being split between Germany and France as programs traditionally have been.

In return, an additional A320 final assembly line will be opened in Germany and a future revamp of the single-aisle plane will be assembled in Hamburg.

Gallois was forced to postpone the restructuring announcement, originally scheduled last week, and propose changes to the plan after the main EADS shareholders failed to agree on the distribution of job cuts and new technologies between France and Germany at a Feb. 18 board meeting.

Core German shareholder DaimlerChrysler's 22.5% share of voting rights is matched by the combined EADS stake held by the French government and Paris-based Lagardere. Unlike the French state — which owns 15% — Berlin has no direct stake in the company but leans heavily on decision-making as its largest single defense customer.

German Economics Minister Michael Glos, who earlier this month said EADS could lose defense contracts if it cut too many jobs in the country, said the burden of restructuring appeared to have been spread fairly.

"We have been successful in asserting German interests regarding Airbus, regarding employment in Germany," Glos said during a cabinet meeting, in comments later relayed by government spokesman Thomas Steg.

The A350's increased use of composites had cast a cloud over the future of Germany's Nordenham plant, where over 2,100 workers produce metal fuselage panels for current Airbus models.

Posted 2/28/2007 9:36 AM ET

http://www.usatoday.com/money/industries/manufacturing/2007-02-28-airbus_x.htm

jungle
03-01-2007, 11:41
Woops, there goes another one:

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Airbus to take industrial decision on future of A380F 'within days' as UPS extra thinking time ticks on
By Justin Wastnage

Airbus admitted yesterday that the future of the A380 Freighter could be decided in the next few days, with the decision by remaining customer UPS to delay taking delivery of the its order for 10 of the type past 2010 potentially affecting the industrial decision to launch the type.

Airbus has reached an agreement with UPS to change the delivery dates for the 10 A380 freighters it has on order, and to allow the US cargo operator more time to make a decision on whether to proceed with or cancel its order.

UPS says the agreement specifies changed delivery dates and provides for possible termination of the original purchase agreement by either party later this year. UPS was originally scheduled to take delivery of the freighters between 2009 and 2012. The cargo operator does not disclose the new delivery dates contained in the agreement for the delayed aircraft.

Airbus chief executive Louis Gallois said yesterday in Toulouse that the delay could make the development of the freighter variant commercially unviable. "UPS will probably postpone to the next decade the delivery of the aircraft - we will have to take that into account. Probably we will take an industrial decision on the A380F in the next days. We want to keep open the possibility of reopening manufacturing."

Airbus has already made some key subassemblies for the freighter. Development of a higher gross weight passenger variant is also linked to the A380F programme.

“UPS’ decision to purchase the A380 freighter was based on a lengthy evaluation of our future network needs to meet customer demands across a variety of global trade lanes,” says UPS vice president of airline and international operations Bob Lekites.

“Those needs still exist and UPS has been carefully evaluating various options since Airbus announced production delays late last year.”

He adds the agreement reached with Airbus allows UPS “additional time to evaluate our network requirements and make a decision once and for all as to how best to ensure service to our customers”. That extra time is expected to run out some time in early March.

UPS is Airbus’ only A380 freighter customer following the loss of an order held by FedEx and the conversion to A380 passenger variants by Emirates and International Lease Finance (ILFC). The freighter programme once had 27 firm orders.
Spread the word: relatedbo

jungle
03-02-2007, 07:35
That was quick!



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UPS corporate new release

ATLANTA, March 2, 2007 – UPS today announced its intent to cancel later this year an order for 10 Airbus A380 freighters.
The final cancellation decision will be formally presented to Airbus on the first date specified under an agreement reached last week that gives either party the right to terminate the order.

Last week's agreement specified a revised delivery schedule that delayed UPS's first A380 jumbo freighter from 2010 to 2012. UPS originally expected its first freighter in 2009.

UPS had intended to complete an internal study of whether it could wait until 2012 for the aircraft, but now understands Airbus is diverting employees from the A380 freighter program to work on the passenger version of the plane.

"Based on our previous discussions, we had felt that 2012 was a reasonable estimate of when Airbus could supply this plane," said David Abney, UPS's chief operating officer and president of UPS Airlines. "We no longer are confident that Airbus can adhere to that schedule. UPS has built one of the largest airlines in the world in order to ensure reliable service to our customers, and we're confident we have the resources to continue doing so in the future."

UPS, which celebrates its 100th anniversary in 2007, is the world's largest package delivery company and a global leader in supply chain services, offering an extensive range of options for synchronizing the movement of goods, information and funds. Headquartered in Atlanta, Ga., UPS serves more than 200 countries and territories worldwide. UPS's stock trades on the New York Stock Exchange (UPS) and the company can be found on the Web at UPS.com. To get UPS news direct, visit pressroom.ups.com/RSS.

jungle
03-02-2007, 08:57
Boeing also sent this memo to Airbus today:

jungle
03-02-2007, 14:38
This just in:

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PARIS (AP) --
Airbus Industries just announced the termination of their CEO Louis Gallois. EADS Board of Directors have hand picked Gallois replacement as Jerry Lewis. Manfred Bischoff of Eads stated that We welcome Mr. Lewis with open arms. In trying times we have faced with our A380 program we need a true leader who can lift our spirits. Jerry lewis commented that Airbus Industries and EADS will be absorbed in the "Jerry's Kids" program. This will benifit Airbus Industries and get them back on track.

aircarver
03-02-2007, 15:13
Years ago Boeing suggested that the market wouldn't support a 380-sized airplane, and declined to play.
Sure were right, weren't they ? ...:supergrin: