09.12.2013
European Aeronautic Defence and Space Company EADS N.V. NL0000235190
DGAP-Adhoc: European Aeronautic Defence and Space Company EADS N.V.: Enhancing Competitiveness - EADS Outlines Plan for Defence and Space Restructuring
European Aeronautic Defence and Space Company EADS N.V. / Key word(s): Restructure of Company
09.12.2013 17:12
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Ad-hoc release, 9 December 2013
Enhancing Competitiveness - EADS Outlines Plan for
Defence and Space Restructuring
- Restructuring plan presented to EADS European Works Council
- Concentration of sites across Group's four 'home countries' and
consolidation of legal entities
- Reduction of 5,800 positions at future 'Airbus Defence and Space'
Division and Corporate functions
EADS (stock exchange symbol: EAD) today presented a restructuring plan for
its future Airbus Defence and Space Division (Airbus DS) to the European
Works Council.
This presentation follows a decision by the EADS Board of Directors in July
this year to consolidate the defence and space businesses of the Group into
one new Division and to rebrand EADS into 'Airbus Group'.
'We need to improve our competitiveness in defence and space - and we need
to do it now', said Tom Enders, Chief Executive Officer of EADS. 'With our
traditional markets down, we urgently need to improve access to
international customers, to growth markets. For that to work, we need to
cut costs, eliminate product and resource overlaps, create synergies in our
operations and product portfolio and better focus our Research and
Development efforts. That's what the restructuring and integration plan for
our defence and space business is all about.'
Overall, EADS plans to reduce (headcount) 5,800 positions at Airbus DS and
in Corporate / Headquarters functions until the end of 2016.
Up to 1,500 positions will be offered at Airbus and Eurocopter for
redeployment of impacted employees. After non-renewal of temporary
contracts (around 1,300) and application of additional voluntary measures,
final redundancies are estimated in the range of 1,000 - 1,450 employees,
subject to the achievement of the voluntary measures.
The Group also intends to enter into negotiations with its works councils
to seek agreements on labour cost reductions which could help mitigate the
social impact of the restructuring plan.
As part of the overall headcount reduction, Corporate functions and
services will be slimmed down by around 500 positions.
Timing and sizing of a one-off charge related to this plan is under
evaluation.
'Our people are key to our company's success and we have a track record of
constructive social dialogue that supports the company's development. As
the restructuring plan is of paramount importance for the future of our
defence and space business, we are committed to mitigating the social
impact of the necessary adjustments as much as possible', said Thierry
Baril, Chief Human Resources Officer at EADS and Airbus.
EADS is now launching the work with the Works Councils to find the right
social measures and solutions for all impacted employees.
The restructuring plan for the defence and space businesses of the Group
will result in a substantial consolidation of sites across Germany, France,
Spain and the United Kingdom (see annex to this press release). For cost
and operational reasons, the new Division - Airbus DS - will simplify and
consolidate its legal structures.
The new Division will start operating at executive level as of 1 January
2014. After the consultation process with the works councils, expected to
be concluded by mid-2014, the three entities - Airbus Military, Astrium and
Cassidian - will be fully integrated and operational at all levels as
Airbus DS.
About EADS
EADS is a global leader in aerospace, defence and related services. In
2012, the Group - comprising Airbus, Astrium, Cassidian and Eurocopter -
generated revenues of EUR 56.5 billion and employed a workforce of over
140,000.
Contacts:
Martin Agüera +49 175 227 4369
Rod Stone +33 630 521 993
Matthieu Duvelleroy +33 629 431 564
Gregor v. Kursell +49 89 607 34255
Philipp Lehmann +49 89 607 34287
Maggie Bergsma +34 615 023 104
www.eads.com / http://twitter.com/EADSpress
Annex
Concentration of sites across Germany, France, Spain and the United Kingdom
- France: The Group will divest its Corporate office in Montmorency
(Paris); its functions will be redeployed to Suresnes where the
Corporate Technical Office and Innovation Works workforce is already
based. All Divisional Suresnes-based activities including personnel
will be transferred to Elancourt or Les Mureaux as part of the future
Airbus DS set-up. Both sites - Les Mureaux and Elancourt in the Paris
region - will become the stronghold of the Group's defence and space
activities.
- Germany: Airbus DS Division will be headquartered in Ottobrunn. Some
1,000 functions, currently based in Unterschleißheim, will relocate to
Ottobrunn. Another 200-300 Unterschleißheim-based employees will
redeploy to other southern Germany-based Airbus DS sites. The Group
plans to divest the Unterschleißheim site. Airbus employees, currently
working in Bremen for the A400M Integrated Fuselage Assembly (IFA),
Cargo Hold System (CHS) and further Cabin & Cargo related activities
will be integrated into Airbus DS by the end of 2014 as part of the
simplification of the Group's legal structure.
- Spain: In the Madrid area, activities at San Severo and Castellena will
be transferred to Getafe. The transfer of all Barajas-based activities
to Getafe remains under study. In the Seville area, we will transfer
the activities at San Pablo North to San Pablo South. The transfer of
Tablada to San Pablo South is also being studied.
- United Kingdom: Here, the Group strives for a consolidation of
activities mainly around three major sites, which are Stevenage,
Portsmouth and Newport in order to maintain proximity to its key
customers. Functions at smaller sites will be relocated to one of the
three major sites.
09.12.2013 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: European Aeronautic Defence and Space Company EADS N.V.
P.O. Box 32008
2303 DA Leiden
Netherlands
Phone: 00 800 00 02 2002
Fax: +49 (0)89 607 - 26481
E-mail: [email protected]
Internet: www.eads.com
ISIN: NL0000235190
WKN: 938914
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart
End of Announcement DGAP News-Service
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