Airbus To Cut 2500 Jobs In Space and Defense Division
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…
John David
Machinist Strike Continuous, Boeing Still Struggling
Recently, Boeing announced that it would be laying off 10 percent of its workforce, roughly 17,000 people. This is mainly because of the tug-of-war between Boeing and its financial situation, which includes mounting losses and supply chain disruptions as its machinist strikes continue through the fifth week. The company reported its third-quarter earnings, revealing that…