Airbus cuts over 2,000 jobs amidst competition from Elon Musk's Starlink

Quick Summary:

Airbus is cutting roughly 2,000 jobs, about 5% of its Defence and Space division, due to losses in its satellite business and increased competition.

No forced redundancies are planned.

Germany will see the most cuts, followed by France and Britain.

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Article Details

Author / Journalist: TOI Business Desk

Category: EconomyBusiness

Markets: IndiaChinaFranceGermanyItalySpain

Topics: Airbus Defence and Space division Elon musk Starlink Project Bromo Airbus job cuts

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-05 @ 17:40:35 (2 weeks ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 852 words

Reading Time: 5 minutes read

Sentences: 39 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 24136925

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About Times of India

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 16 posts per day

Year Established: 1838

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

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Publication Timezone: GMT +5:00

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News Language: English

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Publisher ID: #28

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