Chief executive of troubled Airbus resigns

[AngryAmish]

<http://business.guardian.co.uk/story/0,,1891400,00.html >

"Louis Gallois, co-chief executive of EADS, the parent of Airbus, is to be the new head of the troubled European plane-maker, replacing Christian Streiff who has lost a power struggle to stay in office after just 100 days in the job.
The EADS board, which has seen its shares drop 36% this year amid the turmoil at Airbus, wants to seize full operational and management control of the plane-maker.

The move coincides with the group's cash purchase of BAE Systems' 20% stake in Airbus for a net £1.2bn. EADS said on July 2, when Mr Streiff replaced Gustav Humbert and Noel Forgeard was sacked as the parent's co-head, that it would "closely integrate" Airbus into its own organisational structure"

[BootinUp]

1. interesting.

hadn't heard they were having so much trouble.

[rockymountaindem]

2. Boeing/Airbus is one corporate rivalry that has grabbed me

All I can say is, go Boeing.

[hogwyld]

9. Screw Boeing

All they ever do is contribute to the rethug war machine and unbridled cronyism. At least Airbus respects it's workers rights. Can you say that for Boeing?

[lgn19087]

16. Airbus is firing a bunch of their workers

because they suck so badly.

[hogwyld]

17. Have you flown on an Airbus?

They are very nice planes with better aesthetics and comforts than what Boeing is putting out.

[lgn19087]

3. Well, thats what you get

when your people work so few hours a week and get so much vacation. The labor policies over there have killed Airbus and they're slowly killing the rest of Europe as well.

[Orrin_73]

5. Because of these labor laws

poverty is almost eradicated and education is free for all in western europe. Unlike in the US workers have rights in western europe.

[lgn19087]

7. Yeah, and because of these labor laws

Airbus can't get back on the right track. We can do cost-benefit analysis if you'd like, but lets be honest about what's causing their problems.

[Orrin_73]

8. Yeah, lets be honest about what's causing Airbus problems

its not the "labor laws"! Its because Airbus cant compete with Boeing. Every year Germany and France pump billions of euro´s into Airbus to compete with Boeing.

[hogwyld]

10. The only reason Airbus is at a disadvantage vs. Boeing

is because of the gluttony of taxpayer funded military pork. If we could separate their overpriced military crap from the rest, Boeing wouldn't stand a chance.

[lgn19087]

13. Airbus is at a disadvantage

because Boeing is better at making planes than Airbus is. Boeing's workforce works longer hours and gets less vacation, so is it any wonder that they do a better job?

And plus, Boeing made a better decision in going with the 787 rather than a "super-jumbo".

[Mudoria]

14. True...

better management, better worker productivity and better engineering has put Boeing miles ahead of Airbus. If things continue as they are I wouldn't be surprised to see Boeing buy Airbus.

[lgn19087]

15. Don't count on it

Europe would never let their pride and joy get eaten up by an American corporation.

[Name removed]

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[Parche]

4. airbus

With the A-380 program faltering, Singapore, Emirates Airlines are getting very angry, and
might cancel the whole order.......leaving Boeing with a windfall for their 747-800
and 787 programs!!!!!

More jobs that wont be sent overseas!!

[turbo_satan]

6. Emirates just placed the order for their first bunch..

.. of 747s for air cargo. I believe it was a two- or three-billion dollar deal. They claim there will be an order for another ten planes soon.

[hogwyld]

11. I really hope that Airbus pull this off and succeeds!

Airbus, and Europe need to show that you can respect the rights of your workers, and still be successful. I've had enough of the cuthroat, unbridled, capitalism. We need to care more about the workers, and social justice! Besides, anything to hurt the rethug funding machine that boeing has become is a good thing.