Airbus says cost cuts in pipeline, no extra programme

But the European plane-maker denied a report it is working on new cuts as a result of cost overruns on its largest planes

Gulf News

Paris: Airbus Group confirmed on Monday it is planning cost cuts as it embarks on a project to introduce more digital methods into its operations, but denied a report it is working on new cuts as a result of cost overruns on its largest planes. The Financial Times newspaper reported earlier that Airbus was preparing a new restructuring and cost-cutting plan that would be unveiled next month in a drive to offset expensive delays in some of its programmes. The newspaper said the plan was not yet finalised and could involve group-wide job cuts.

A spokesman said Airbus was not working on a new programme but was focused on the “digitalisation project to modernise Europe’s largest aerospace group” announced in July.

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