Airbus to axe jobs

AIRCRAFT giant Airbus is to axe around 3700 jobs in Europe as it cuts back production of its troubled A380 superjumbo and A400M military transporter, the company and union officials said on Wednesday.

The cuts come as Airbus downscales deliveries of the under-selling A380 – the world’s biggest passenger jet – to six a year from 2020 and eight a year for the similarly problematic A400M.

The company said “up to 3700 jobs” in France, Germany, Britain and Spain would be affected by the drop in production.