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© alexey-utemov-dreamstime.com Electronics Production | November 21, 2013

EADS to lay off 8'000

EADS' newly created Airbus Defence & Space division will see a 20% reduction of its 40'000 employee workforce.

The company has declined to comment on the matter, and it is believed that the company will announce a restructuring plan later in December, according to a Reuters report. EADS' stated in July that with the combination of its defence and space units, it could not rule out workforce reductions, the report continues.
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