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July 2007 edition

Airbus details partnership and sales cost-cutting strategy

Airbus has unveiled its plan to reduce costs and promote a stronger more efficient company under its Power8 program. It says the plan, which will involve selling sites, setting up partnerships and instigating a redundancy program, will be reviewed regularly at Airbus European Works Council meetings and that negotiations will start at national level with social partners.

“These negotiations are to analyse in more detail the reasons and the consequences of the plan,” Airbus says. “They are also to agree on the appropriate social measures to be applied in line with local regulations and agreements in order to achieve the overhead reduction targets set in Power8. “These objectives are to be reached on the basis of mutually agreed voluntary retirements, departures and redeployments, amongst ot....

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