EADS cuts job
EADS Executive President Tom Enders said that “if defence orders are cancelled or reduced as has happened in Germany in recent years, an impact on production and employment cannot be avoided”, Defence Talk reported. EADS is considering cutting its workforce by 20% or 8,000 people according to a report by the German news agency DPA. Enders’ did not confirm the numbers but said that drastic measures are needed.
The Eurozone debt crisis is pushing