London CNN —
Airbus has announced plans to slash up to 2,500 jobs in its defense and space division, citing a “complex business environment” marked by challenges including rising costs and “rapid changes in warfare.”
The European aerospace giant, which competes with beleaguered Boeing (BA) in airplane manufacturing, said Wednesday that it expects to complete the layoffs by the middle of 2026. The company did not say in which countries the cuts — which account for around 1.7% of its total workforce — would be made.
Mike Schoellhorn, chief executive of Airbus Defence and Space, said the sector — and hence
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