Airbus To Cut 1,164 Jobs

Airbus has announced 1,164 job losses as it simplifies its business structure and seeks to cut costs.

The layoffs will be tempered slightly by the creation of 230 jobs in other areas of the group as it continues its digital transformation. Airbus said the job losses will mainly affect support functions.

The announcement includes the final stages in the move of its corporate headquarters from Paris and Munich to Toulouse. Overall, 325 jobs will move to the new HQ location.

Airbus wants to negotiate “appropriate social measures” on the job losses by the middle of next year it said in a statement.

“This is a logical and necessary step in our integration journey,” Airbus chief executive Tom Enders said. “The integration will ultimately strengthen Airbus in its ability to ensure future competitiveness and to remain a global leader in the aerospace industry.”

Airbus Group announced in September it would merge with its commercial plane-making division in a move scheduled for completion in January 2017.