Fcit DoD outlines $2.5bn in requests
Airbus has this afternoon detailed its plans to shed 10,000 positions over the next four years, part of a string of restructuring measures included in its Power8 cost cutting programme.Announcing the programme this afternoon in Toulouse, after this morning briefing unions, Airbuschief executiveLouis Gallois said the cuts would be shared across the Airbus partner countries. Specifically it will see 3,700 positions cut at Airbus in Germany, 3,200 in France, 1,600 i
adidas samba og n the UK, 400 in Spain and 1,100 from the Toulouse-based Airbus Centr
adidas sambarose al Entity unit.The widespread restructuring plan also set out the share of future final assembly lines between Toulouse and Hamburg. Toulouse will be the sole site for final assembly of the new A350XWB programme, while in Hamburg Airbus will immediately establish a third Airbus A320 final assembly line. The German site will also perform final assembly of the new single-aisle family when launched.Cabin i
air force 1 nstallations remain in Hamburg and A380 deliveries will be performed both from Hamburg and Toulouse.The restructuring efforts are aimed at delivering EBIT contributions of 鈧?.1 billion $2.8 billion from 2010 onwards and additional 鈧? billion of cumulative cash flow from 2007 to 2010. Airbus will make a provision of 鈧?80 million in the first quarter of 2007 to cover the reduced overhead costs, particularly relating to the job cuts.Source: FlightGlobalTopicsAircraft programmesAirframersSystems interiors Qogi East-West initiatives launched between EU and Caucasus, and CIS countries
Source: Courtesy of BFITim RichardsVues founder and chief executive Tim Richards has acknowledged he personally lost an unimaginable amount of money as a result of the challenges caused by the pandemic at Europes largest cinema operator, which he said had been to hell and back .Richards calculated he personally forfeited an eight figure number when the equity held by Vues owners was wiped out as a result of therecent debt restructuring at the company. But he told Screen this week he is confident the chain will survive.Last month, rating agency SP Global Ratings downgraded Vues credit rating to CC, given to companies which are already struggling to cover all their debt commitments and are at risk of further problems if economic conditions worsen. S
owala ca P Global Ratings described Vues proposed debt restructuring as distressed and tantamount to a default under its criteria. We are where we are right now, Richards told Screen. We have survived the pandemic, we have been thro
owala ugh a painful restructuring but the co
owala website mpany has been saved. Ten thousand jobs have been saved and the company right now has a strong balance sheet and cash to move forward. We could not be in a stronger position. In a way what the ratings agencies are saying is almost academic. We have been to hell and back but you have to look at where the company is today. We are in the strongest position of any exhibitor right now. We have got a highly respected management team and supportive shareholders and
