EADS plans to slash up to 6,000 jobs and sell its Paris headquarters: paper
December 10, 2013, 12:25 am TWN
Paris--European aerospace company EADS (EAD.PA) plans to cut between 5,000 and 6,000 jobs and sell its Parisian headquarters as part of a restructuring program it will detail later on Monday, Le Figaro newspaper reported.
Two industry sources told Reuters last month that the restructuring would cost thousands of jobs but fewer than the 8,000 reported by German news agency DPA.
The potential 6,000 job cuts represents around 5 percent of the group's total headcount.
Le Figaro wrote that EADS did not foresee any layoffs, as the job cuts would be met through voluntary redundancies and transfers, while employees nearing retirement or the end of their temporary contracts would not be replaced.