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The cuts in all amount to around 5% of its defense and space division workforce and will predominately take place in Germany, France and the U.K.

Airbus said it would push ahead with plans to cut around 2,000 positions at its embattled defense and space division, targeting mostly management support roles as it seeks to rein in costs.

The European aircraft maker on Thursday said it would cut 2,043 jobs, around 5% of the division’s workforce, fewer than the up to 2,500 positions Airbus had initially sought to eliminate two months ago.

Airbus’s defense and space division, responsible for making satellites, spacecraft, jet fighters and drones, has been navigating a challenging few months lately.

Excerpt from WSJ
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