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EADS to cut 5,800 jobs over next 3 years

Airbus parent layoffs due to lower military budgets in Europe

[PARIS] The European Aeronautic Defence and Space Company (EADS), parent company of Airbus, has announced plans to cut 5,800 jobs from its military and space divisions over the next three years as it responds to reductions in European military budgets driven by austerity measures.


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