Airbus, the world’s largest airliner producer, has announced that it will cut up to 2,500 jobs in the defense and space division. They cited the “complex business environment” and “rapid changes in Warfare” as the main reasons to cut off the jobs. The company said on Wednesday that it aims to complete this transition by the mid-2026. However, the company did not say which countries will be the focus of the cut, which accounts for around 1.7% of its total workforce.
The chief executive of Airbus Defence and Space, Mike Schoellhorn, said that the sector, hence their division, had faced “a fast-changing and very challenging business context with disrupted supply chains, rapid changes in warfare and increasing cost pressure due to budgetary constraints.” He added that the cuts aim to make the whole division faster, leaner, and more competitive.
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These planned job cuts at Airbus are not the first sign of trouble for the aerospace giant, which also had some issues with its supply chain in June. The issues forced the company to cut the number of planes it was expected to make in the year.
Airbus is not the only company feeling the brunt of the market’s condition. One of Airbus’ biggest rivals, Boeing, has a similar fate. Earlier this month, Boeing said it plans to cut its workforce by almost 10% in the coming months. Moreover, the company’s defense business reported a quarterly loss of around $913 million, which goes on to show the state of the industry.
