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Airbus‘‘massive‘production cut to last for two years
Airbus‘ 40 per cent cut on production and deliveries will last for two years, Chief Executive Officer, Guillaume Faury has said, as the company prepares to make a major restructure which will include thousands of job losses. Europe’s plane maker is due to lay out its reorganisation plan by Wednedsay as part of its efforts to reduce costs and conserve cash following a €481 million ($522 million) loss in the first quarter of this year. “It’s…
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