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Europe |
German Government Urged to Intervene in Airbus Crisis |
2006-10-05 |
Plans to move Airbus operations out of Germany as part of a cost-cutting plan have angered politicians and officials who are calling on the German government to intervene in a bid to retain investment in the firm. News that Airbus is facing an uncertain future due to the delayed roll-out of the A380 super jumbo jet by at least a year, and the proposed shifting of operations from Hamburg to cheaper sites in Russia, India and China, has angered politicians and industry officials in Germany. Politicians in Hamburg, home of the Airbus plant charged with building the super jumbo's cabins, are reportedly enraged at prospects of layoffs after the German state spent 750 million euros ($955 million) to keep the plant running. Airbus is responsible for some 40,000 jobs in Germany. Berlin daily Berliner Zeitung said the German government was particularly concerned about the future of Airbus' factory in Hamburg -- which employs some 12,000 people amid rumors that all production activities connected with A380 superjumbo could be transferred to Airbus' parent company EADS (European Aeronautic Space and Defence Company) Toulouse in France. Germany is present in EADS via German-US auto giant DaimlerChrysler, but the group has recently reduced its shareholding in the aerospace group from 30 percent to 22.3 percent. Airbus boss Christian Streif has called for crisis talks with Federal Minister for Economic Affairs Michael Glos and will meet the minister on Thursday to discuss emergency measures to prevent Germany losing influence in Airbus. A spokesman for Glos confirmed on Wednesday that the minister would meet with the Airbus chief this week. |
Posted by:anonymous2u |
#5 ... the proposed shifting of operations from Hamburg to cheaper sites in Russia, India and China Oh yeah, like that's gonna solve their quality control and project scheduling problems. |
Posted by: Zenster 2006-10-05 18:51 |
#4 The last good intervention by Germany was called the Schlieman Plan. Nicht wehr? |
Posted by: Almost Anonymous5839 2006-10-05 11:03 |
#3 It gets better, now the 350 might be delayed, via Bros. Judd: Doubts cast on second Airbus project: report Reuters Thursday, October 5, 2006; 5:09 AM PARIS (Reuters) - Airbus parent EADS Asked if the future A350 could be in danger because of EADS's EADS was not immediately available to comment.... --- Is the 380 the turkey or Airbus?? maybe 2, 1 big 1 smaller? |
Posted by: anonymous2u 2006-10-05 10:37 |
#2 And TVA will be moving to Costa Rica as well. |
Posted by: Super Hose 2006-10-05 08:14 |
#1 Nice pic. |
Posted by: mojo 2006-10-05 01:54 |