Airbus Defence and Space has announced it will cut more than 2,300 jobs before the end of 2021, owing to a “flat space market and postponed contracts” in its defence division.
The workforce cutbacks became “necessary” after the defence division achieved a book-to-bill ratio below one for the third year in a row The European multinational, which is one of the largest airliner manufacturers in the world, said in an official statement 357 jobs would be cut from its 4,000 UK workforce,…
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