Defense Company’s Cuts to Affect French Employment

Earlier this month, the European Aeronautic Defense and Space Company (EADS) unveiled plans to cut 5,800 jobs in several European countries – Germany, France, England and Spain. The cuts come just one year after a merger of EADS and BAE Systems, a British defense company, fell through due to opposition in Germany. At a time […]

EADS Restructured, Balance between France and Germany Intact

European Aeronautic Defense and Space Company (EADS) unveiled a restructuring of its company, a change so huge that it is being called a “new birth.”  Upon the withdrawal of French conglomerate Ladagère and German automaker Daimler, France and Germany plan to restructure their shareholding in order to maintain equal ownership positions in the company. Under […]