. 24/7 Space News .




MILPLEX
EADS announces up to 850 job cuts in defence arm
by Staff Writers
Paris (AFP) Nov 30, 2012


European aerospace group EADS, which controls Airbus, said on Friday that it would shed up to 850 jobs through voluntary departures in a restructuring of its defence and security arm Cassidian.

The objective, announced in September, is to increase competitiveness with annual economies of at least 200 million euros ($260 million) per year by 2014.

Trade union sources said most of the job cuts will take place in Germany, with about a hundred each in France and Britain and a few dozen in Finland.

The company said administrative personnel would be the most affected.

Cassidian, which already announced 900 job losses in 2011, employs 28,000 people or about a fifth of total EADS employees.

The defence unit builds the Eurofighter combat plane in a joint venture with Britain's BAE Systems and Italy's Finmeccanica and posted sales in 2011 of 5.8 billion euros.

The job cuts come after an attempted merger of EADS with BAE Systems failed on reported resistance by Germany.

tba/arp/rl

EADS - EUROPEAN AERONAUTIC DEFENCE AND SPACE COMPANY

.


Related Links
The Military Industrial Complex at SpaceWar.com
Learn about the Superpowers of the 21st Century at SpaceWar.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review

Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

Get Our Free Newsletters
Space - Defense - Environment - Energy - Solar - Nuclear

...




Year In Space 2013 Wall Calendar



MILPLEX
Raytheon receives contract for C4I system for Kingdom of Saudi Arabia
Fullerton, CA (SPX) Nov 30, 2012
Raytheon has received a contract to deliver a Command, Control, Communications, Computers and Intelligence (C4I) system to the Kingdom of Saudi Arabia. The contract, received by Raytheon's Network Centric Systems business and valued in excess of $600 million, was awarded as a direct commercial sale by the Saudi Ministry of Defense (MOD) and will provide a national, strategic C4I system, pr ... read more


MILPLEX
China's Chang'e-3 to land on moon next year

Moon crater yields impact clues

Study: Moon basin formed by giant impact

NASA's LADEE Spacecraft Gets Final Science Instrument Installed

MILPLEX
One Year After Launch, Curiosity Rover Busy on Mars

Fostering Curiosity: Mars Express relays rocky images

Matijevic Hill Survey Complete And Rover Passes 22 Miles Of Driving!

NASA monitors massive dust storm on Mars

MILPLEX
Who's Killing the Space Program?

Fly me to the universe

UK Secures Billion Pound Package For Space Investment

Europe, U.S. talk space program link

MILPLEX
Mr Xi in Space

China plans manned space launch in 2013: state media

China to launch manned spacecraft

Tiangong 1 Parked And Waiting As Shenzhou 10 Mission Prep Continues

MILPLEX
It's a bird, it's a plane, it's... the Space Station

NASA, Roscosmos Assign Veteran Crew to Yearlong Space Station Mission

Three ISS crew return to Earth in Russian capsule

Station Crew Off Duty After Undocking

MILPLEX
S. Korea readies new bid to join global space club

Arianespace ready for next Soyuz and Ariane missions

Who will challenge Dragon? Dragon spaceship postponed until March

South Korean rocket launch suspended

MILPLEX
Magnesium oxide: From Earth to super-Earth

Rare image of Super-Jupiter sheds light on planet formation

Astronomers Directly Image Massive Star's 'Super-Jupiter'

NASA's Kepler Wraps Prime Mission, Begins Extension

MILPLEX
Americans love (and hate) their mobile phones: survey

Experiment yields possible 'spooky' matter

ORNL develops lignin-based thermoplastic conversion process

New York art museum to display video games




The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement