Airbus has launched a programme of cost cuts and a freeze on overall headcount to shore up performance at its core planemaking business in 2024 and beyond, weeks after being forced to cut targets for jet production, industry sources said.
Code-named "LEAD!", the new initiative will urgently tackle an increase in costs per aircraft and address deeper productivity issues as the world's largest planemaker braces for the eventual recovery of struggling U.S. rival Boeing.
https://www.reuters.com/business/aerospace-defense/airbus-launches-new-cost-cutting-drive-after-output-woes-sources-say-2024-07-12/