PARIS — Europe’s Airbus is telling thousands of staff to reduce spending by 10 per cent as global uncertainty and supply chain problems continue to squeeze its core jetliner business, three industry sources said.
The “cost-containment” order targets non-industrial spending in the commercial aircraft business and headquarters and comes on top of a two-year-old cost-saving project called LEAD.
The previously unreported latest measures have been in place for several weeks and take aim in part at the use of outside contractors, traditionally a key part of the group’s resources, the sources said.
Airbus declined comment.
Reporting by Tim Hepher; Editing by Emelia Sithole-Matarise
