Alexa

German minister calls for job safety, European balance at troubled EADS

German minister calls for job safety, European balance at troubled EADS

Germany's finance minister urged Airbus parent EADS on Wednesday to secure jobs at its German operations and to ensure that the company's "European balance" is not shifted to his country's disadvantage.
Finance Minister Peer Steinbrueck's call came after EADS on Tuesday confirmed a further one-year delay to the Airbus A380 superjumbo. The company also announced a restructuring plan to cut costs and boost productivity at Airbus.
The Finance Ministry said in a statement that Steinbrueck urged EADS "to ensure in the current restructuring measures that these must not take place at the expense of jobs in Germany."
Steinbrueck also argued that "the European balance of the company with regards to production and the available jobs must not be changed to the disadvantage of Germany," it added.
Germany's economy minister, Michael Glos, planned to meet Thursday with Airbus CEO Christian Streiff.
French financial daily La Tribune reported this week that EADS plans to announce drastic production changes that would see the closure of A380 cabin-fitting, paintshop and delivery centers in Hamburg, Germany, and the transfer of their workloads to Airbus headquarters in Toulouse, France _ saving on transportation time and costs.
In return, Germany's share of the production of the A320 single-aisle jet family would be increased, according to the unsourced report.