EADS under fire over job cuts in defense shake-up

PARIS/BERLIN (Reuters) – Airbus parent EADS (EAD.PA) came under fire on Tuesday from shareholders France and Germany over plans to cut 5,800 jobs, but its chief executive said that ignoring weak defense and space markets would have put even more jobs at risk. EADS said a three-year reorganization of its defense and space activities would affect 4,500 jobs on its main payroll, of which 1,500 would be redeployed to commercial planemaker Airbus and helicopter unit Eurocopter. It issued figures showing that the largest burden of job reductions would fall in Germany, where 2,000 jobs would be cut compared with 1,260 in France, 557 in Spain and 450 in the UK. The plan calls for between 1,000 and 1,450 forced layoffs and EADS will not renew 1,300 temporary employment contracts.


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