Airbus to Cut Up to 2,500 Jobs in Defense and Space

Airbus to Cut Up to 2,500 Jobs in Defense and Space
Airbus employs more than 150,000 people worldwide Arne Dedert/dpa via AP
Reuters
Updated:
0:00

PARIS—Airbus announced plans on Wednesday to cut up to 2,500 jobs in its Defense and Space division after spending months taking a deep dive into heavy losses in its satellites business.

The European aerospace group said it aimed to carry out the cuts, which represent 7 percent of the workforce in its second-largest division, by mid-2026 after talks with unions but would hold off taking an immediate restructuring charge.