Airbus initiates cost-saving plan with hiring freeze and headcount cap due to supply-chain constraints and rising expenses.
Airbus has started a cost-saving plan, including a hiring freeze and headcount cap, in response to supply-chain constraints and rising expenses. The "LEAD!" initiative aims to address increasing aircraft costs and productivity challenges, as the company prepares for the recovery of US rival Boeing. An Airbus spokesperson confirmed the existence of a performance improvement plan, but declined to comment on internal memos.
July 12, 2024
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