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ArianeGroup says to cut 2,300 jobs by 2022

Staff Writer | November 13, 2018
ArianeGroup, the space launchers joint-venture between Airbus and Safran, on Monday said it plans to cut 2,300 jobs by 2022.
Europe   2,300 full-time jobs
"The end of the development of Ariane 6 and the need to increase competitiveness in the European rocket launch business compel ArianeGroup to reduce its capacity by the equivalent of 2,300 full-time jobs by 2022," the company said in a statement.