Airbus declines to comment on report of cost-cutting plan

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[September 19, 2016]  PARIS (Reuters) - European planemaker Airbus Group <AIR.PA> is preparing a cost-cutting and restructuring plan that will be unveiled next month in a drive to offset expensive delays in some of its programs, the Financial Times newspaper said.

People speak together near a logo of Airbus Group during the Airbus annual news conference in Colomiers, near Toulouse, January 13, 2015. REUTERS/Regis Duvignau/File Picture
 

Contacted by Reuters, Airbus declined to comment.

The newspaper said the plan was not yet finalised and could involve group-wide job cuts. It said the plan was still a closely guarded secret but some managers had been warned it was coming.

(Reporting by Julien Ponthus; writing by Brian Love; editing by Jason Neely)

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