Airbus to Cut 2,500 Defence Jobs by 2026

Airbus has announced plans to cut up to 2,500 jobs in its Defence & Space division, representing about 7% of the workforce, by mid-2026 due to significant financial challenges, including write-downs of nearly 1 billion euros in the first half of the year. The decision is part of a broader restructuring initiative called ATOM aimed at improving efficiency amidst delays and rising costs in satellite projects. This move comes as Boeing faces its own troubles, including a prolonged strike by workers and plans to reduce 17,000 jobs in response to financial losses. Analysts highlight the ongoing pressures within the aerospace industry, where both companies are navigating challenging market conditions. Despite these setbacks, Airbus recently secured new orders, indicating ongoing demand for its commercial jets. The aerospace sector's performance remains under scrutiny amid geopolitical tensions and labor disputes.