News
TOULOUSE, FRANCE -- Airbus plans to cut its subcontractor base by some 80%, to about 500, a company spokesman said today.
As part of a previously announced restructuring effort, the European aerospace consortium plans to cut administrative costs by 900 million euros ($1.14 billion) and supply costs by 350 million euros by 2010.
Airbus has been hampered by delivery delays of its new A380 plane. The program is two years behind schedule, and Airbus has stated it will need to sell 420 planes to break even, 150 more than originally estimated.
As part of a previously announced restructuring effort, the European aerospace consortium plans to cut administrative costs by 900 million euros ($1.14 billion) and supply costs by 350 million euros by 2010.
Airbus has been hampered by delivery delays of its new A380 plane. The program is two years behind schedule, and Airbus has stated it will need to sell 420 planes to break even, 150 more than originally estimated.
ATLANTA -- A leading supplier of capital equipment is reportedly in play and an announcement regarding the company's future could come this week.
SAN DIEGO - Manncorp announced plans to expand its San Diego office to meet increasing demands for SMT machines, including pick and place, lead-free wave solder and reflow ovens.
The office, which hosts techs and sales staff, is increasing to more than 4,000 sq. ft. Manncorp said more equipment and inventory would be available.
The office, which hosts techs and sales staff, is increasing to more than 4,000 sq. ft. Manncorp said more equipment and inventory would be available.
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