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Airbus Group undergoes major restructuring to address challenges and opportunities in the space sector
O Airbus Group, Europe's largest aircraft manufacturer, has announced a major blow to its aircraft division. Defense and Aerospace: 2.043 layoffs, which represents about 5% of the total 35.000 employees in this area. While the military aircraft and cybersecurity business is doing well, the space sector faces severe problems.
Cuts focused on space systems business
More than half of the layoffs (1.128 positions) will fall on the Space Systems business, after heavy losses by the company in this segment, especially in the market satellites. According to German newspaper Der Spiegel, the cuts will be distributed between Germany (700 vacancies), United Kingdom, France and Spain.
Fierce competition and new technologies put pressure on the satellite market
O geostationary satellite market traditional, at high altitudes, fell by half in recent years, pressured by growing competition e new technologies. O SpaceX Group, Elon Musk, is now the largest satellite operator in the world, posing challenges to Airbus' business model.
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Space sector records accounting losses in the first half of the year
Despite the good performance in the military aircraft business e cyber security, space sector from Airbus had to record several accounting write-offs in the first half of 2023, leading the company to take tough measures to restructure itself and remain competitive, according to infomoney.
Airbus seeks to streamline its operations to strengthen its position in the market
Although the layoffs are a painful decision, Airbus says there will be no compulsory dismissals, indicating that it will seek other forms of adjustment, such as employee reallocation. The objective is dry the structure of the division of Defense and Aerospace to make it more agile and prepared for the challenges of the sector, especially in the space segment.
This restructuring is part of the efforts of the Airbus Group to adapt to an increasingly competitive and technological market. By focusing on its areas of greatest efficiency, the company hopes to strengthen and maintain its leadership position in the aerospace sector European.
