Airbus cost-cutting won’t solve problems
Airbus chief executive Christian Streiff knows the major cost-cutting plan he unveiled last week will not wipe away his company’s woes overnight.
‘‘It will take us about ten years to match Boeing’s performance again in terms of development and efficiency,” said Streiff.
After Airbus admitted further costly delays in the delivery of its star A380 airliner, Streiff launched the Power 8 restructuring plan, which includes severe cuts.
Management and administrative overheads must fall by 30 per cent by 2010, if the company is to achieve a 20 per cent productivity jump. Streiff said...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine