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EADS Reaches Jobs Agreement With UK

RichardPrice From , joined Dec 1969, posts, RR:
Posted (6 years 10 months 1 week 5 days 6 hours ago) and read 1206 times:

EADS and the British Government have reached a deal securing 16,000 UK jobs linked to Airbus, as well as placing a British National on the EADS board.

The deal is also likely to give EADS greater access to the UK defence market, in direct competition with BAE.

http://news.bbc.co.uk/1/hi/business/5189896.stm

4 replies: All unread, jump to last

VirginFlyer From New Zealand, joined Sep 2000, 4502 posts, RR: 50
Reply 1, posted (6 years 10 months 1 week 5 days 6 hours ago) and read 1188 times:

Interesting... Is this going to extend into Britain taking a stake in EADS, or will it just be having a member on the board and guaranteeing continued British operations?

V/F

"So powerful is the light of unity that it can illuminate the whole earth." - Bahá'u'lláh

PanAm_DC10 From Australia, joined Aug 2000, 3987 posts, RR: 93
Reply 2, posted (6 years 10 months 1 week 5 days 5 hours ago) and read 1131 times:

AIRLINERS.NET CREW
COMMUNITY MANAGER

Quoting VirginFlyer (Reply 1):
Is this going to extend into Britain taking a stake in EADS

No, the UK Government would not take a holding in EADS under the arrangement that this report refers to. However the DTI is very concerned about protecting the UK jobs at current levels. EADS is prepared to invest further in the UK should BAE Systems sell their stake in Airbus via the establishment of a new research centre.

Quoting VirginFlyer (Reply 1):
or will it just be having a member on the board and guaranteeing continued British operations?

The proposal by EADS of a UK Board member is linked to the point that EADS has ``agreed to give serious consideration to a secondary listing of its shares on the London Stock Exchange,'' according to the UK DTI. It appears that if BAE Systems do sell that EADS will effectively list the equivalent value of 20% of Airbus on the LSE via their own equity.

Regards, PanAm_DC10

Ask the impossible to achieve the best possible

NAV20 From Australia, joined Nov 2003, 9086 posts, RR: 37
Reply 3, posted (6 years 10 months 1 week 5 days 5 hours ago) and read 1122 times:

On the face of it one has to be glad for our friends at Airbus UK. However, I for one was impressed by the sincerity of the new Airbus guy yesterday in his determination to increase efficiency. But I don't readily see how that can square with a commercial company effectively guaranteeing to maintain a given level of employment, or guaranteeing that certain percentages of production work will be done in certain countries, or whatever form the deal takes.

In the end both employment levels and where the work gets done depend on the profitability of the company; and that in turn depends on things being done in the most efficient way.

In that connection the share market appears to have taken a dim view of yesterday's announcements so far - EADS shares are headed south again, already down to Euro20.00.

"Once you have flown, you will walk the earth with your eyes turned skywards.." - Leonardo da Vinci

AirbusA6 From United Kingdom, joined Apr 2005, 1913 posts, RR: 0
Reply 4, posted (6 years 10 months 1 week 5 days 1 hour ago) and read 1065 times:

The A350XWB has brand new wings. I presume the preliminary work was done by the Airbus UK design team, as they Europe's wing expertise. Moving this to France or Germany would be tricky, as key staff could just as easily defect to Boeing as move to mainland Europe.

Production, now that's a different matter...

it's the bus to stansted (now renamed national express a4 to ruin my username)

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