FRANKFURT – Airbus Defense and Space has reached an agreement with its European works council over how labor cuts in the new division are to be implemented. The company is now ruling out layoffs between now and the end of 2016 and has in return achieved speedy approvals by European unions of its new structure. Airbus DS was set up as a result of the merger of Cassidian and Astrium as well as the military part of Airbus (A400M, tanker). The company has been in consultations about the ...
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