The European aircraft manufacturer Airbus has instructed thousands of employees to cut non-industrial expenditures by 10% as ongoing global uncertainties and supply chain challenges continue to impact its commercial aircraft operations, according to three industry sources.
This “cost-containment” directive focuses on non-manufacturing expenses within the commercial aircraft division and corporate headquarters, building upon an existing two-year cost-reduction initiative known as LEAD.
These latest cost-cutting measures, which have not been previously disclosed, have been implemented for several weeks and particularly focus on limiting the use of external contractors, which have traditionally been an important component of the company’s operational resources, the sources indicated.
When contacted for comment, Airbus chose not to respond.
