EADS to consolidate operations, cut jobs

Dec 10, 2013 | 05:04 PM | Frank Haflich

Tags  European Aeronautic Defence & Space, EADS, Airbus, consolidation, restructuring, European Works Council, Tom Enders, Lockheed Martin layoffs

LOS ANGELES — European Aeronautic Defence & Space Co. NV (EADS), parent company of aircraft maker Airbus SAS, plans to consolidate its defense operations, eliminating 5,800 positions in the process.

EADS has presented a restructuring plan for its defense and space businesses to the European Works Council, which oversees labor and employment issues in the European Union.....

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