Airbus is reportedly planning to cut up to 2.500 jobs in its Defense and Space division due to significant financial losses on satellite projects, according to sources cited by Reuters. These cuts, which represent about 7 percent of the division's workforce, are expected to take place by mid-2026.
The aerospace giant has been battling ongoing setbacks, particularly in its space systems business. Projects such as OneSat have encountered delays and rising costs, contributing to financial strain. Airbus has launched an internal review called “ATOM” to identify cost-saving measures and improve efficiency, according to an AFP report.
The restructuring effort comes as Airbus competitor Boeing also faces workforce reductions. Boeing is planning to lay off 17.000 employees as it deals with financial losses and a strike involving 33.000 of the International Association of Machinists and Aerospace Workers (IAM). The strike is focused on demands for a 40 percent wage increase over four years, with mediation efforts underway by acting U.S. Secretary of Labor Julie Su. Boeing’s layoffs are set to begin in November 2024, primarily impacting the commercial aviation sector.
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