So here is the deal, the company Airbus makes Europe's largest "civil and military aerospace" projects, the A380 and A400M planes. And recently they have said that there are around 3,700 jobs that could possibly be lost. This is the result of the falling demand of their A380, and in part to the cost and damages from the "troubled" A400M's. (Total losses costing them around 14 billion!!!!!!!!!!!!)
The company came out and said that jobs will be affected in all four of its home countries - UK, France, Germany, and Spain. They estimated around 3,700 people are at risk of losing their jobs or at the least being reassigned to different projects.
Airbus is trying to be optimistic and thankfully did get some orders for planes in, so we hope that helps hold them over for awhile, for the sake of 3,700 hard working people!! Best of luck to them!
It may not help the jobs in Europe directly, but a contract from the US Army for Airbus Helicopters will secure about 200 jobs threatened in Mississippi.
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