Business

Invitation to a partnership
by Claudia Sonea

European aerospace group EADS announced at the beginning of the year that it plans a restructuring plan called "Power8" that involves the selling of six Airbus plants from Europe. Until recently on the auction block were two sites in Germany, at Laupheim and Varel, a factory in France at Saint-Nazaire-Ville and three other factories from France (Meaulte), Britain (Filton) and Germany (Nordenham) will be jointly operated by subcontractors. Now, the group has announced that it is evaluating the inclusion of Augsburg plant, the single biggest supplier of Airbus aerostructures, to the sales process of Airbus aerostructures sites. Situated in the southern German region of Bavaria provides he main structures that make up the group's aircraft. As an invitation to a partnership, the group said that a major partner owing Nordenham, Varel and Augsburg would represent a risk for Airbus. 10,000 jobs, including 3,700 in Germany will be cut due to the financial losses produced by the delays of A380 superjumbo project. Because of the management instability, operational difficulties and the euro that is becoming stronger every day, the company finds hard and expensive to extend on the international markets. There is nothing sure and the confirmation of Augsburg selling was not made yet. The European aerospace group is still debating on this subject, but because of the current situation it is more likely to happen. Until further notice, stay connected and surf for more information. Enjoy!

related story: http://uk.news.yahoo.com/afp/20070809/tbs-germany-aerospace-5268574_1.html

by Claudia Sonea for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.

posted by Blog TechSource @ 3:39 PM