After the announcement by parent company EADS to new delays in the A380 and their financial consequences, the CEO of Airbus, Christian Streiff, outlined yesterday the outline of his stimulus package "Power 8" managers and the staff representatives, at a central Committee that lasted all afternoon. To compensate for a loss of 2.8 billion euros from 2006 to 2010 estimated operating income, this four-year restructuring plan will result in a reduction of 30 of the administrative staff at the headquarters of the aircraft manufacturer in Toulouse, as well as in the different European subsidiaries. However, no termination is the order of the day. Downsizing will pass by the freezing of the hirings while a thousand recruitment were provided in 2006 , the removal of 1,000 contracts of temporary staff (including 550 in Toulouse), the non-renewal of the CSD and departures in early retirement. Personnel directly related to the production "blue-collar" workers and engineers will be spared.
Record order books
Despite the difficulties, Airbus is indeed facing a record backlog of approximately 2,100 aircraft, said Christian Streiff. "No site closure is today planned", he also said, refuting the eventual transfer of the A320 assembly line in Hamburg. Overall, the first trade union reactions appeared fairly moderate, with the less radical plan than expected. The further postponement of one year of delivery of the A380 has seemed to surprise and refraining to redundancies chastened worst worries. "The staff is relatively preserved, note Xavier Petrachi, central steward CGT. But how will it do if it removes temporary workers and subcontractors, knowing that aviation is the largest employer of the Midi-Pyrénées region "For Julien Talavan, delegate FO,"temporary workers and subcontractors will miss production." We have 430 aircraft to be delivered in 2006 and 450 the next year, and people roll inches! .
Impact to encrypt
With the subcontractors, the reactions are also relatively moderate, pending clarification. A videoconference with key partners and the manufacturer must take place today. Term, Airbus wishes to strongly reduce the (6.600) number of those working on the site in Toulouse. The financial impact of this reorganization is to encrypt. According to François Junca, the Chairman of the Supervisory Board of Latécoère, the deferral of delivery of the A380 would lower the turnover of the Toulouse OEM of 10 in 2006. "must be the State, the region and the financial community mobilized to help companies who will have problems," he said.
Thales has not changed its financial forecasts, despite a contribution estimated at $ 1.5 million by A380. Ditto for Finmeccanica and Zodiac invoice approximately 2 million by A380, outside seats. "Unless drastic extent of Airbus, is completely marginal", provides Jean-Louis Gérondeau, its President. SAFRAN started a subsidiary evaluation by subsidiary, but results will not be known until a few days. In July, Jean-Paul Béchat, the the Executive Board, had mentioned a shift of 100 million in sales from 2007 to 2008. Which reported to the Group (11.3 billion), remains limited. Only from business partner, the British BAE confirmed yesterday the sale of 20 in Airbus.
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