EADS out­lines plan for de­fence and space re­struc­tur­ing

SP's MAI - - CORPORATE -

EADS has pre­sented a re­struc­tur­ing plan for its fu­ture Air­bus De­fence and Space Di­vi­sion (Air­bus DS) to the Euro­pean Works Coun­cil. This pre­sen­ta­tion fol­lows a de­ci­sion by the EADS Board of Di­rec­tors in July this year to con­sol­i­date the de­fence and space busi­nesses of the Group into one new Di­vi­sion and to re­brand EADS into “Air­bus Group”.

“We need to im­prove our com­pet­i­tive­ness in de­fence and space – and we need to do it now,” said Tom En­ders, Chief Exec- utive Of­fi­cer of EADS. “With our tra­di­tional mar­kets down, we ur­gently need to im­prove ac­cess to in­ter­na­tional cus­tomers, to growth mar­kets. For that to work, we need to cut costs, elim­i­nate prod­uct and re­source over­laps, cre­ate syn­er­gies in our op­er­a­tions and prod­uct port­fo­lio and bet­ter fo­cus our re­search and de­vel­op­ment ef­forts. That’s what the re­struc­tur­ing and in­te­gra­tion plan for our de­fence and space busi­ness is all about.”

Over­all, EADS plans to re­duce (head­count) 5,800 po­si­tions at Air­bus DS and in cor­po­rate/head­quar­ters func­tions un­til the end of 2016. Tim­ing and siz­ing of a one-off charge re­lated to this plan is un­der eval­u­a­tion.

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