Aiming to reduce costs and speed decision making, Airbus Group will merge with Airbus Commercial Aircraft, the companies announced last week. Both companies are headquartered in Toulouse, France. The merger “paves the way for an overhaul of our corporate set-up, simplifies our company’s governance, eliminates redundancies and supports further efficiencies,” said Airbus CEO Tom Enders. One way to reduce costs will be the elimination of redundant positions, but Airbus offered no details on job cuts.
Source: avwebAirbus Consolidates To Cut Costs