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Airbus declines to comment on report of cost-cutting plan

Published 09/19/2016, 04:23 AM
Updated 09/19/2016, 04:30 AM
© Reuters. People speak together near a logo of Airbus Group during the Airbus annual news conference in Colomiers, near Toulouse

© Reuters. People speak together near a logo of Airbus Group during the Airbus annual news conference in Colomiers, near Toulouse

PARIS (Reuters) - European planemaker Airbus Group (PA:AIR) is preparing a cost-cutting and restructuring plan that will be unveiled next month in a drive to offset expensive delays in some of its programs, the Financial Times newspaper said.

Contacted by Reuters, Airbus declined to comment.

© Reuters. People speak together near a logo of Airbus Group during the Airbus annual news conference in Colomiers, near Toulouse

The newspaper said the plan was not yet finalised and could involve group-wide job cuts. It said the plan was still a closely guarded secret but some managers had been warned it was coming.

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