Airbus (EADSY) plans to cut 2,043 jobs, or around 5% of the positions at its defense and space division, targeting mostly management support roles as it seeks to rein in costs, The Wall Street Journal’s Pierre Bertrand and Mauro Orru report. The cuts are part of an organization and workforce adaptation plan at the division and come as the company faces program delays, cost pressures and increased competition. Most of the cuts will take place in Germany, France, the U.K. and Spain, and the reductions are expected to be complete by mid-2026.
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