| As some customers threatened to
cancel their orders Airbus racked up losses of €4.8 billion on the
project. According to the company further ventures, such as the A350
mid-size model, which will cost €11.6 billion, will not be possible
without a reduction in costs. Their ‘Power8’ plan foresees the shedding
of 10,000 jobs directly with knock-on effects at contractors and
suppliers. At least four countries are affected with the UK’s share
amounting to 1,600.There were
strikes in France, Germany
and Spain as well as the U.K. German trade union IG Metall promised to
fight for every job while the European Metalworkers’ Federation (EMF)
organised a day of action in March. ‘It's not right that one of the
jewels of European |

|
technology is cutting 10,000 jobs over
four years,
while its order book is full for several years’ said Bernard Thibault,
head of the French CGT union federation. The Socialist group in the
European Parliament initiated a debate on the restructuring wiith leader Martin Schulz commenting
‘Management mistakes lie behind the
difficulties facing Airbus, which makes it all the more shocking that
the workers are the ones today paying for their mistakes, not
shareholders’. UK MEP, Glyn Ford added ‘Airbus is one of the great
projects in which Europe was able to compete with Boeing. Trade unions
must be united and speak with a single voice’. |