Airbus yesterday presented details of its Power8 Plus restructuring program to labor unions representing its employees, telling workers that the cuts envisioned in the original Power8 restructuring program no longer are sufficient. The original Power8 program was designed to achieve €5 billion ($7.2 billion) in cumulative savings in 2007-09 and to cut costs by €2.1 billion annually from 2010. But the declining value of the dollar compared to the euro continues to drive up ...

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