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Airbus representatives announced the transfer of production from the UK, if the Brexit deal is not reached, Bloomberg reports. In this case, jobs and transparency for businesses in Britain will be at risk. Airbus produces wings for airplanes in the UK, and if the country leaves the EU without an agreement, the company will transfer production to another country. There are 14,000 Airbus employees in Britain. The company will not be able to transfer production in one day, but if there is no Brexit deal, the company will redirect its investments. A number of companies have already announced the transfer of offices from the UK to other European countries. Dyson, Sony and other global brands will leave the country.
Intel Corp. (INTC.O) announced on Monday that Chief Engineering Officer Murthy Renduchintala would leave the company on August 3. The semiconductor manufacturing company said that it would reorganize its technology, systems architecture, and ...
Oil prices fell on Monday on fears that a continued rise in coronavirus cases could stall fuel demand recovery. Brent crude fell 0.2%, or 10 cents, at $43.04 per barrel. U.S. oil also lost 0.2%, or 6 cents, at $40.53 per barrel. The ...
On Tuesday, European aviation company, Airbus (AIR.PA) said that it would delay its $10 billion worth of services business amid the coronavirus pandemic. However, the company would continue its strategic support for airline operations. “It ...
The European aviation Airbus (AIR.PA) announced on Monday that its airplane production and deliveries would be 40% lower for the next two years compared to its planned pre-crisis strategy. The CEO's comments underscore the threat to jobs as ...
Airbus (AIR.PA) made its plans on suspending production in France and Spain for 4 days public. This is of course due to the coronavirus crisis that had reached even the financial sector. To date, the pandemic had been the most serious ...
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