Airbus launches cost-cutting plan to address production issues with rising unit costs

From Investing.com: 2024-07-12 08:56:03

Airbus launches “LEAD!” improvement plan, freezing headcount and cutting costs in response to lowered aircraft production targets. Unit costs rising faster than revenues, productivity problems need fixing as company prepares for Boeing’s recovery. Airbus confirms existence of performance improvement plan, declines to comment on staff memo.



Read more at Investing.com: Exclusive-Airbus launches new cost-cutting drive after output woes By Reuters