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Plane to cut 2,043 jobs in Defence and Area, sources state

Plane is cutting 2,043 jobs in its Defence & & Area businesses, or 6% of the divisional workforce, drawing back slightly from an earlier target of up to 2,500 task decreases, two individuals familiar with the matter said on Wednesday.

More than half the cuts - impacting 1,128 tasks - will fall in the Area Systems company following 1.5 billion euros ($ 1.58 billion) of current writedowns, they told Reuters, asking not to be named.

A Jet spokesperson declined to comment on the figures, provided to unions in a briefing.

Plane in October announced plans to cut up to 2,500 tasks in Defence and Space, or 7% of the labor force, after heavy losses in its satellites service led by the distressed OneSat program.

The European aerospace group has stated it intends to perform the cuts by mid-2026 but will hold back taking an instant reorganizing charge pending talks with unions.

In the plans outlined to unions on Wednesday, Plane plans to cut 250 tasks in its Air Power or battle aircraft sub-division and 47 in Connected Intelligence, the sources stated. The divisional head office will shed 618 posts, they added.

Germany will bear the largest share of the overall cuts with 689 positions impacted, followed by France with 540, Britain with 477, Spain with 303 and other non-core countries with 34.

(source: Reuters)