Job Cut: Big News! Now this company is going to lay off about 2,500 people, know the reason

Airbus: Boeing recently announced to lay off 17,000 of its employees. Now Airbus is also going to take a big decision regarding its defense and space division.

Airbus: Aviation sector giant Airbus has also now moved forward on the path of layoffs. The company is going to lay off about 2,500 people. Airbus’ main rival Boeing has already announced a big layoff. The company has decided to take this action on the defense and space division. About 35 thousand employees work in these divisions. The company says that this tough decision has to be taken due to rising costs and delays in defense projects.

Space division will be worst affected

Airbus is a leading European aircraft manufacturing company. AFP and Bloomberg have claimed, citing sources, that the Space Division is going to be most affected by this decision. This also includes fighter aircraft and cyber security operations. At present, Airbus has refused to say anything about this. According to the report, Airbus is spending about $ 980 million on its programs in the space sector. The company is now facing difficulties in taking these programs forward. In such a situation, all options including restructuring are being considered.

17 thousand employees will be fired from Boeing

According to the report, Airbus is also in talks with the employee union regarding this layoff. Airbus is known for passenger and cargo planes. However, it also has defense, space and helicopter divisions. Recently, Boeing had announced a 10 percent cut in its global workforce. Due to this, about 17 thousand employees will lose their jobs. The company has suffered huge losses due to the strike. The employees of the company are on strike demanding better salary and pension. Apart from this, the company is already facing serious allegations related to the quality of its aircraft.