Airbus Says No Forced Redundancies In Germany Until End 2016

Airbus has agreed with union representatives to avoid forced redundancies in Germany until the end of 2016, it said on Wednesday.

Airbus is cutting the equivalent of around 5,300 jobs in total as part of a restructuring of its military and space activities, with Germany to bear the brunt of the job cuts.

The agreement, which covers around 2,550 employees in Germany, was communicated to employees on Wednesday morning.

Measures that will be used to avoid compulsory redundancies include early retirement and moving staff internally, the spokesman added.

Airbus is negotiating with works councils in each of the countries that are affected by the cuts including France, Spain and Britain.

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Qantas cuts 5000 jobs, posts $252 million first half loss

No stranger to toughing it out, Qantas boss Alan Joyce has declared he has the full support of the board after announcing the airline's worst result in nearly two decades.

However, Mr Joyce received a fresh blow mid-afternoon, when Prime Minister Tony Abbott played down the prospect of Qantas being handed a debt guarantee, despite the airline hours earlier announcing the $252 million half-year underlying loss and plans to cut 5000 jobs and close routes.

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