Airbus announced just over 2,000 job cuts in Defence and Space, or about 5% of its second-largest division, as it reels from U.S. competition in the satellites sector but the cuts were not as severe as the European group had first warned.
More than half of the 2,043 total job reductions, affecting 1,128 positions, will fall in the Space Systems business following heavy losses on satellites, Europe's largest aerospace group said, adding there would be no compulsory redundancies.
https://finance.yahoo.com/news/airbus-cuts-just-over-2-171938233.html