A French magazine says Airbus plans to shed some 3,600 jobs. But the planemaker says workforce reductions would be a worst-case scenario.
European plane maker Airbus has issued its strongest warning yet over the potential impact of Britain's departure from the EU. It said a no-deal Brexit might threaten the company's future in the United Kingdom.
Once dubbed as symbols of European aerospace prowess, two of Airbus's unwanted A380 superjumbos face the ignominy of being broken up for spare parts after failing to find an airline willing to keep flying them.
The aerospace giant plans to cut more than three thousand jobs as it aims to scale back production of its troubled A380 superjumbo and A400M military transporter — Europe's biggest civil and military plane projects.
British engineering company Rolls-Royce has said it's slashing thousands more jobs primarily in the UK. The firm said the move was necessary to "simplify its business" and save millions of pounds by 2021.
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