Mission impossible

Article Abstract:

Airbus Industrie has been successful in breaking the US monopoly of the big jet airliner market. However, it has taken very large amounts of taxpayers' money, with almost no accountability, and there is considerable conflict between its partners. It has now been given until the end of summer 1999 to make real progress towards becoming a Single Corporate Entity. The key element in bringing about this change in status could be the planned A3XX 555-seater double-deck super-jumbo. The UK has told Airbus that it will not help to fund this project unless it becomes a Single Corporate Entity.

Financial management, Aircraft & Parts, Aerospace Product and Parts Manufacturing, Civilian Aircraft, Company Profile

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Asian flu kills off 48,000 jobs at Boeing

Article Abstract:

Boeing, the largest aircraft manufacturer in the world, has announced that it plans to reduce its workforce by a fifth, or 48,000 employees, in the period to 2000 and to make significant cuts in output. The company has been badly affected by economic turmoil in Asia, which has led to a fall in passenger numbers and therefore in demand for passenger jets. A cut in output at Boeing will have a substantial ongoing impact, as many companies depend heavily on Boeing for orders.

Comment:

Wil make workforce cuts by about one fifth or 48,000 jobs

United States, Personnel administration, Boeing Co., BA

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Restructured Airbus takes the fight to rival Boeing

Article Abstract:

Airbus Industrie is to begin operating as a wholly commercial firm from the end of Feb 2000. It will then have shareholders, rather than industrial partners.

Strategy & planning

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