Tue, Aug 28, 2007
New Solo CEO Says He's "Ready to Take On The Challenge" Of
Airbus' new chief
executive Tom Enders is getting his administration going, by
getting everyone on the same page.
Enders plans to meet with union representatives from across
Europe to talk about progress on the company's Power8 restructuring
plan this week, according to AFX News Limited.
Launched in February of this year, the Power8 plan is designed
to 'trim the fat' at Airbus in response to the A380 program delays,
by cutting costs, slashing jobs, outsourcing others and selling off
a number of factories, a plan German lawmakers support, as ANN has reported.
The buyers and partners Airbus has chosen are expected to be
announced in September.
Enders was formerly co-CEO of parent EADS, and officially took
over the solo reigns Monday. He arrived in Toulouse, France, in his
new role as head of the manufacturer, saying he was "ready to take
on the challenge" of turning the company around.
Airbus has stayed behind rival Boeing in order values since
2005. The company lost some $771 million last year... due, in part,
to the massive A380 delays.
"Don't expect any big disruptions," Enders said. "I've been
around with Airbus. I've been involved in the definition of the
restructuring package and the launch of the new aircraft. I will
focus all my energy on continuing the work that Louis Gallois has
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