Airbus axes jobs
The week's news at a glance.
Toulouse, France
The European aircraft giant Airbus said this week it will cut 10,000 jobs—more than 10 percent of its workforce—in its largest restructuring ever. The French and German company, based in Toulouse, will close several factories across Europe. Airbus has been struggling because of constant delays in production of its flagship A380 jet. The firm has lost $6.5 billion on the jet so far, as FedEx, UPS, and other companies canceled orders for the freight version. Unions in France and Germany staged strikes this week and threatened more strikes once the job cuts begin.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
July 6 editorial cartoons
Cartoons Sunday’s political cartoons include paying for school lunch by enlisting, and the banality of evil
-
5 biting editorial cartoons about 'Alligator Alcatraz'
Cartoons Artists take on dangerous green things, historical precedent, and more
-
A journey into the deep past on beautiful Arran
The Week Recommends New Unesco Global Geopark played a 'key role' in the birth of modern geological science