EADS is to cut 10% of its corporate office staff in Munich and Paris and impose pay and hiring freezes on senior management.
The European manufacturer confirms reports that 66 of the 666 staff employed in the two corporate offices will be culled, with the losses split about evenly.
The company also confirms that the salaries of senior management will be frozen and that hiring of senior management will also be stopped, although this will not effect the appointment of a new chief operating officer, which is soon expected.
Further details are not being disclosed.
EADS’s corporate staff reduction comes two days after it was revealed the manufacturer is to cut 1,000 Germany line workers and limit some full-time workers to 28h weeks as part of a restructuring effort of the company’s A380 programme, which last month was subject to a lengthy, and costly, delay.
Source: FlightGlobal.com
