Airbus's Power8 restructuring program as originally conceived no longer is sufficient owing to the US dollar's decline and the manufacturer now needs to take significant measures to rescue itself from a "life-threatening" situation, CEO Tom Enders and parent EADS CEO Louis Gallois said in a series of recent public comments. Gallois told Germany's Die Welt that Airbus needs to achieve an additional €1.5 billion ($2.2 billion) in annual savings on top of the €2.1 billion per year ...

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