Airbus to axe 3,700 jobs on A380

Toulouse: Aircraft giant Airbus is to axe around 3,700 jobs in Europe as it cuts back production of its troubled A380 superjumbo and A400M military transporter, the company and union officials said. The cuts come as France-based Airbus downscales deliveries of the under-selling A380 — the world’s biggest passenger jet — from eight this year to six in 2020.
It also plans to slow production of the equally problematic A400M, as part of a bid to extend the life span of the two ailing aircraft while trying to win more orders. The company said “up to 3,700 jobs” in France, Germany, Britain and Spain would be affected by the drop in production. — AFP