1.
Teen solves centuries-old math problem
BERLIN, Feb. 5 (UPI) -- Germany has upped the pressure on France over German job losses at Airbus with threats to review bilateral defense contracts.
If the restructuring of Airbus harms German interests, Berlin will review military contracts with the plane maker's mother company EADS, Germany's Economy Minister Michael Glos said in a newspaper interview.
"We insist that Germany must remain a high technology site for Airbus, in particular as far as fuselage construction is concerned," Glos told the Bild am Sonntag newspaper. "If this is not the case, then Germany will have to review its defense contracts with the mother company."
The German military is one of EADS' biggest clients -- among other products, it buys the Eurofighter jet plane from the multinational company based in France.
"Current plans for cutbacks in jobs and a relocation of advanced technology are in no way acceptable to us," Glos said.
German Chancellor Angela Merkel will meet with EADS head Louis Gallois later this month, German news magazine Der Spiegel said.
Airbus will have to undergo painful restructuring measures because of massive losses due to delivery delays with its new giant passenger plane, the A380.
Airbus employs nearly 30,000 people in its different plants in Germany. Up to 8,000 of these jobs are in danger, observers say.
|
|
|
|
|
|
| Additional Security Industry Stories | |
OTTAWA, May 25 (UPI) --
Canadian regulators announced they approved of plans offered by pipeline company TransCanada to expand an eastern natural gas system.
|
JOHNSTOWN, Pa., May 25 (UPI) --
The U.S. Navy has contracted Enterprise Ventures Corp. to produce systems that enhance the deployment of mine counter-measures by MH-60S helicopters.
|
First-time buyers are driving the expectations that a recovery has begun. Their numbers and market share are growing despite financing roadblocks and competition with investors for entry-level homes. ...
|
The photos are familiar, but the captions are not, as economic tension skips across the continent of Europe.
|
| Stories | Photos | People | Comments |
View Caption
