New Airbus CEO Louis Gallois arrived in Toulouse yesterday to meet company officials and begin charting the manufacturer's turnaround, warning that "painful" job cuts are on the horizon. He said his position as co-CEO of EADS will allow for "a simpler and more unified command structure" that will make implementing cost-cutting initiatives easier. Gallois replaced Christian Streiff, who was on the job for only three months before resigning Monday (ATWOnline, Oct. 10). The departed CEO said he ...

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