Airbus Group is in the midst of a period of financial uncertainty.
In July, the European aviation giant announced $1.5 billion in charges due to setbacks in the companys A350 airliner and A400M military transport programs.
In response, Airbus Group CEO Tom Enders will announce a major restructuring and cost cutting plan next month, the FTs Peggy Hollinger reported.
According to the FT, the plan will see Enders take tighter control over the Airbus civil aviation subsidiary, which accounts for the majority of the groups income.
Further, Hollinger reported that Enders plans to streamline duplicate positions that exist within the mother company and its subsidiaries.
Airbus has struggled to ramp up development and…
Read the full article at: http://uk.businessinsider.com/airbus-restructure-tom-enders-ft-2016-9