Will Take $680 Million Q1 Charge To Pay For Cuts
After weeks of speculation, the worst-case scenario came true
for workers at European planemaker Airbus SAS Wednesday morning.
Under parent company EADS' controversial "Power8" restructuring
plan, the world's largest commercial aircraft manufacturer will cut
10,000 jobs over the next four years, and either sell or find
partners for six factories in France, Germany, and the UK.