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Airbus targets 10% cost cuts amid uncertainty

Airbus orders 10% cost cuts for thousands of employees due to global uncertainty and supply chain issues.

Olivia Taylor
ByOlivia Taylor- Senior Editor
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European planemaker Airbus has told thousands of staff to cut spending by 10% due to global uncertainty and supply chain snags, three sources said.

The cost-containment order targets non-industrial spending in the commercial aircraft unit and headquarters, adding to an earlier savings project called LEAD.

The measures have been in place for weeks and aim to reduce use of outside contractors. Airbus declined to comment.

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