bbc.com

Airbus to Cut Nearly 500 Jobs in the UK Amid Cost Reduction Efforts

Airbus has announced plans to cut 477 jobs in the UK as part of a global strategy to reduce its workforce by more than 2,000 positions by mid-2026. This move comes despite a 7% increase in sales, with the company facing significant profit challenges attributed to supply chain bottlenecks. The space division will bear the brunt of the layoffs, with over 1,100 jobs affected worldwide. The Unite union has criticized the decision, calling it detrimental to the UK’s aerospace sector.

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