European aircraft maker Airbus plans to reduce by 80 percent the number of subcontractors used by the company as part of a vast restructuring plan aimed at reducing costs, a company spokesman said.
The number of subcontractors is to be cut from nearly 3,000 to about 500, the spokesman said, confirming a report in the Financial Times Deutschland published on Monday.
The group, based in Toulouse, southern France, also plans to cut its administrative costs by 900 million euros (1.14 billion dollars) in total by 2010 and its supply costs by 350 million euros over the same period, the spokesman said.
He added that the number of logistics facilities used by the company would be reduced from 80 to between four and eight.
Airbus announced in October that it planned to implement a cost-cutting program to compensate for the financial strain caused by delays to deliveries of its sumperjumbo A380 plane.
The A380 program is two years behind schedule and has suffered from higher costs as a result of wiring difficulties in the giant aircraft, which are capable of carrying up to 840 passengers and are set to become the biggest civilian jetliners in the world when they enter service.
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