Labor & Economic News Blog
Tuesday, February 20, 2007
Employment worries slow Airbus plan
Employment worries slow Airbus planIn StarTribune.com Business
Pressure from European governments has blocked a restructuring plan for the European Aeronautic Defense and Space Co. (EADS) that was expected to result in thousands of lost jobs at the company's troubled Airbus unit. The latest standoff comes after politicians in Germany, France and Britain all lobbied to preserve jobs in their countries. The EADS board said Monday that it had failed to reach an agreement on the revamping plan, which the company had intended to announce this week.
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