Airbus declines to comment on report of cost-cutting plan
Reuters
Published Sep 19, 2016 04:23AM ET
Airbus declines to comment on report of cost-cutting plan
PARIS (Reuters) - European planemaker Airbus Group (PA:AIR) is preparing a cost-cutting and restructuring plan that will be unveiled next month in a drive to offset expensive delays in some of its programs, the Financial Times newspaper said.
Contacted by Reuters, Airbus declined to comment.
The newspaper said the plan was not yet finalised and could involve group-wide job cuts. It said the plan was still a closely guarded secret but some managers had been warned it was coming.
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