An Airbus A350-1000 aircraft flies above a mosque during the 2023 Dubai Airshow at Dubai World Central - Al-Maktoum International Airport on November 14, 2023.
PARIS, July 12 (Reuters) — Airbus has launched a program of cost cuts and a freeze on overall headcount to shore up performance at its core planemaking business in 2024 and beyond, weeks after being forced to cut targets for jet production, industry sources said.
An Airbus spokesperson declined to comment on internal memos but confirmed the existence of a performance-improvement plan.
In the memo, Scherer predicted that Boeing's ongoing corporate and industrial crisis would force Airbus' main rival to "radically change for the better," the sources said.
He also drew attention to the steady rise of China as a competitor with strong state backing and a big domestic market.
Persons:
Christian Scherer, Scherer
Organizations:
Airbus, Maktoum International Airport, Boeing
Locations:
Dubai, Al, Maktoum, PARIS, China