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