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Subject: Will The A380 Sink Airbus/EADS?
Softwar    2/26/2007 10:27:02 AM
"http://biz.yahoo.com/ap/070226/germany_eads_airbus.html?.v=2" Airbus Doesn't Have Restructure Date FRANKFURT, Germany (AP) -- Airbus said Monday it has not yet set a new date for the delayed release of its "Power 8" restructuring plan, which workers in Germany and France have criticized amid fears it could include major job cuts. Claudia Mueller, a spokeswoman for Airbus in Germany, said no release date has been fixed for the proposal, designed to make up for costly production setbacks that have delayed deliveries of its A380 superjumbo.
 
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reefdiver       2/26/2007 11:07:48 AM
One of the problems Airbus has is that any restructuring requires dealing with multiple countries and lots and lots of politics in each of those countries. In other words - they can't move quickly on any such changes - making the situation even more painful.
 
Will
 
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reefdiver       2/26/2007 11:07:50 AM
One of the problems Airbus has is that any restructuring requires dealing with multiple countries and lots and lots of politics in each of those countries. In other words - they can't move quickly on any such changes - making the situation even more painful.
 
Will the
 
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ambush       2/26/2007 11:00:44 PM
Airbus/EADS is a essentially a State (multi-State) owned Corporation that employees thousands of  in different countries.  These governments politicaly cannot allow EADS/Airrbus to go under.   National flagship airlines like Air France and Luftansa will feel the poltical pressure to buy enough  Airbus products (that they wiil probably not need) to keep Airbus running.  BAE was smart to get out when it did, even at a loss.
 
  It is interesting to watch how the politics works.  In this restructuring it is expect that  Germany will have the most job loss becuase France has elections coming up.
 
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ambush       2/26/2007 11:31:04 PM
 
Airbus may extend 35-hour work week: report

Sun Feb 25, 1:43 PM ET

Airbus (EAD.PA) is considering extending its workweek to 40 hours from 35 hours without compensation as part of the European planemaker's restructuring plans, German magazine Focus reported.

The reported proposal is likely to ring alarm bells in France, where a 35-hour work week was introduced by a Socialist government in 2000 and remains a potentially divisive issue ahead of April-June presidential and legislative elections.

"Management apparently is talking to unions about longer hours: 40 instead of 35 per week are envisaged," Focus reported in its Monday edition.

EADS unit Airbus declined comment and union representatives could not be reached.

Airbus has come up with plans for an estimated 10,000 job cuts and possible sales of factories to overcome delays to its A380 superjumbo and a currency disadvantage against rival Boeing (NYSE:BA - news), but Franco-German disagreements delayed a final deal.

French President Jacques Chirac and German Chancellor Angela Merkel said on Friday that the two countries should share both the consequences of restructuring and the latest technology.

French business leaders have strongly criticized the country's 35-hour work week, saying it has curbed growth and failed to stimulate employment as its authors had hoped.

Socialist presidential candidate Segolene Royal has promised to review the 35-hour work week with the aim of "reducing negative consequences for workers and employees."

Conservative candidate Nicolas Sarkozy says the 35-hour week should be retained but viewed as a minimum, not a maximum, with people free to work more or longer if they want.

According to the Focus report, Airbus is also considering selling two French plants, Saint Nazaire and Meaulte, and two German plants, Nordenham and Varel, to cut costs.

It remains unclear whether the company would remain a minority shareholder or sell them completely, Focus said.

The magazine said the A320 single-aisle aircraft assembly would be moved from Toulouse in France to Hamburg in Germany in exchange for Germany dropping demands to assemble the key central section of the future wide-bodied A350.

Airbus is also looking to raise money from sale-and-leaseback programs, selling property and land to investors and leasing them back, Focus said.

 
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PowerPointRanger    Airbus too big to sink   2/27/2007 6:19:47 PM
Airbus is just too big for the Europeans to let collapse.  However, it is possible it will split up.  There seems no other way around their present troubles.
 
I suspect we are seeing a foreshadowing of the EU in general.  The Europeans simply have too little in common to weather bad times.  The first major economic shock to hit will cause it to come apart.
 
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french stratege       3/3/2007 5:21:54 AM
The government will never let Airbus failed especially since it is responsible for this failure.
Airbus is too important for our economy, exports and strategic independance as it feed our defense industry with work.
With automotive and energy, aerospace defense sector is strategic.
Now we speak of a few billion€ losses only and governement should be able to find a way to compensate.
 
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