France-based multinational Airbus has decided to save on budget in its subsidiary, Airbus Defence and Space. The company, which went to restructuring due to the failure to meet the financial targets and deferred contracts, is expected to lay off a total of two thousand 362 employees at the end of 2021. As a result, 829 people in Germany, 357 in the UK, 630 in Spain, 404 in France and 142 from other countries will be laid off.
The need for restructuring was first announced in December 2019 and emphasized also during the company’s Annual Press Conference in Toulouse on February.