Airbus is slashing 2,000 jobs as Europe’s space industry struggles to keep up with Elon Musk’s SpaceX

Fortune12-06

Airbus has announced plans to cut 2,000 jobs in a sign that Europe is fast losing ground to the U.S. and Elon Musk’s SpaceX in the new space race. The Dutch-headquartered aircraft and satellite ...

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The French unit will face 540 losses, while the U.K. will see 477 job cuts. The company will also cut 303 jobs in Spain. The layoffs aren’t expected to include compulsory redundancies.The election of Donald Trump for the U.S. president has created fresh urgency for European policymakers who will want to beef up their sovereignty in defense and space amid uncertainty of the future of the Russia-Ukraine conflict.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"EADSY":"空中客车集团","BK4187":"航天航空与国防"},"translate_title":"由于欧洲航天业难以跟上埃隆·马斯克(Elon Musk)的SpaceX，空中客车公司将裁员2,000人","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EADSY":0.9},"content_text":"Airbus has announced plans to cut 2,000 jobs in a sign that Europe is fast losing ground to the U.S. and Elon Musk’s SpaceX in the new space race.\nThe Dutch-headquartered aircraft and satellite manufacturer is laying off middle management and wider office roles across Europe in a bid to cut costs, with the round of layoffs set to be concluded by mid-2026. \nIn a running theme for 2024, German workers will take the biggest hit, with 689 Airbus employees set to lose their jobs over the next two years. The French unit will face 540 losses, while the U.K. will see 477 job cuts. The company will also cut 303 jobs in Spain. The layoffs aren’t expected to include compulsory redundancies.\nDemand for European satellites has plummeted amid competition from SpaceX, which produces cheaper satellites for low orbit. \nAirbus faced higher losses in its defense and space division in the first nine months of 2024, losing €617 million against a €3 million deficit in the first nine months of 2023.\nThe group previously said in October it planned to cut 2,500 roles in its defense and space division. The company is undertaking a long-running efficiency drive to its defense and space operations, codenamed ATOM, to combat what division CEO Mike Schoellhorn described as an \"increasingly difficult space market.\"\nOther firms in Europe have also felt the effects of overwhelming competition from SpaceX.\nIn March, French group Thales announced 1,300 job cuts in its Alenia space division, blaming falling demand for its satellites.\nThe timing of Airbus’s announcement, which pulls into fresh focus Europe’s challenges in space, undermined a landmark moment for the region’s ambitions.\nEurope’s Vega-C rocket launched on Thursday for the first time since a failed attempt in 2022, after improvements were made to the vessel’s nozzle. The vessel, which was made by Italian group Avio, carried the Copernicus Sentinel-1C satellite, and will be used to observe Earth.\n“We are once again proud to contribute to the European Copernicus program and more broadly to an independent access to space for Europe through our launchers,” said Avio CEO Giulio Ranzo.\nThe European Space Agency launched its inaugural Ariane-6 rocket in July, which it is hoped will compete with SpaceX’s Falcon 9. \nThe election of Donald Trump for the U.S. president has created fresh urgency for European policymakers who will want to beef up their sovereignty in defense and space amid uncertainty of the future of the Russia-Ukraine conflict.\nThis story was originally featured on Fortune.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2489393772"}