Airbus is laying off up to 2,500 employees in its space and defense unit, reflecting its ongoing struggles with profitability in this sector.
The expected cuts follow a significant review of costs in the space division, where Airbus reported a charge of 989 million euros against lower revenues.
This announcement of layoffs comes just after Boeing revealed plans to eliminate about 17,000 roles due to production issues, highlighting industry challenges.
Despite the layoffs, Airbus remains committed to its A320neo family of jets, which has been outperforming Boeing's 737 Max.
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