Paris. Airbus intends to eliminate, between now and mid-2026, up to 2,500 jobs in its satellite production division, which is weighing down its financial results, in a new sign of the bad times for the European aerospace industry.
In a statement, the European manufacturer explains that it is trying to adapt “to a difficult context for its activity” and that it plans to apply measures to achieve a “more effective and efficient organizational structure for the” Defense and Space division.
“These measures should lead to a reduction of up to 2,500 jobs between now and mid-2026” in that division, which currently has about 35,000 employees, according to that source.
Airbus did not detail how it will carry out this staff reduction, but said it wants to avoid “restrictive measures” and promised to work to “limit the social impact” of this decision.
World number one in telecommunications satellites, the European giant has been affected for several years “by a very difficult and rapidly changing business climate, with disruptions in supply chains, changes in the way of waging war and pressure on costs due to budgetary constraints,” explained Michael Schoellhorn, director of Airbus Defense and Space, quoted in the press release.
The French group Thales, another heavyweight in the sector, announced in spring a plan to redistribute 1,300 positions from its space subsidiary Thales Alenia Space.
Airbus saw its profits halved in the first half, to 825 million euros (about 900 million dollars), due to a financial charge of 989 million euros (about 1,75 million dollars) that it made in the space business.
In 2023, Airbus has already made another provision of 600 million euros (650 million dollars) for this same space activity, which last year represented around 2 billion euros (about 2,175 million dollars) of turnover. the 65.4 billion (about 71 billion) achieved by the group.
Telecommunications and navigation satellites are made to order, which eliminates the possibility of benefiting from economies of scale, unlike in Airbus’ flagship commercial aircraft business.
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