Thursday, November 28, 2013

Thousands of EADS workers in Germany protest against restructuring

HAMBURG/MANCHING, Germany (Reuters) - More than 20,000 workers from EADS (EAD.PA) in Germany took to the streets on Thursday to protest against the European aerospace company's restructuring plans which they fear could cost thousands of jobs. EADS, part-owned by the French and German governments, is planning to combine its defense and space subsidiaries next year and has said it might sell off some units. The protests spanned about 30 EADS sites in Germany, including EADS-owned airplane maker Airbus's factories in Finkenwerder and Stade near Hamburg and Airbus supplier Aerotec in the Bavarian city of Augsburg, according to Germany's IG Metall labor union.

by via Yahoo! Finance: Top Stories

No comments:

Post a Comment