"This isn't a French or a German problem, it's a problem specific to Airbus," he said, adding that Airbus needed to be a better integrated company..." Telegraph
Airbus CEO resigns
Airbus Chief Executive Christian Streiff resigned Monday after a little more than three months as head of the troubled European plane maker and parent company EADS named one of its own co-CEOs to replace him. European Aeronautic Defence and Space Co. said in a statement Louis Gallois will succeed Streiff in the top job at Airbus while continuing in his current role as joint head of the Franco-German defense group. Streiff's departure deals a fresh blow to crisis-hit Airbus. The plane maker, which stunned investors in June by doubling the A380's production delay to one year, doubled it again this month to two years and said the holdups would cost EADS $6.1 billion in profits over four years. And according to a report from Reuters it will get tougher for Airbus.
PARIS, Oct 10 (Reuters) - Louis Gallois, the newly appointed head of planemaker Airbus, warned on Tuesday that there would likely be "painful" job losses at Airbus in the wake of delays to the A380 superjumbo and a profit warning at the company.
"There will be job cuts," Gallois told France's Europe 1 radio station.
Gallois was named late on Monday as the new head of Airbus after Christian Streiff resigned following a spell of just three months at the job. He remains co-head of parent EADS .
Gallois said Airbus' cost-cutting measures would have to be evenly split between its French and German operations. He added that Airbus now had a more simplified management structure than before because of his double role.