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Airbus fears 'weak-dollar death'

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posted on Nov, 22 2007 @ 07:38 PM
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Airbus fears 'weak-dollar death'


news.bbc.co.uk

Airbus is already shedding about 10,000 jobs and selling plants as part of its Power8 restructuring plan after delays to its A380 superjumbo drove the planemaker into a loss last year.

The dollar has hit new record lows against the euro this week, something which Airbus says favours its US rival Boeing.

Earlier this month Airbus warned it may have to deepen its planned restructuring after steeper than expected third-quarter losses.
(visit the link for the full news article)


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posted on Nov, 22 2007 @ 07:38 PM
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Its not to often I hear something positive for a U.S. company that has stiff competition from overseas. I can't say I'm not happy for Boeing if this helps them, I am also not happy that ten thousand people have been slated to loose there jobs. This also shows that the week dollar is bad for more countries then just the U.S. All things are connected.

news.bbc.co.uk
(visit the link for the full news article)



 
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