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EADS Mulls Selling German Plant

As part of restructuring program, site would be added to list of properties Airbus parent intends to sell.

FRANKFURT, Germany (AP) - Airbus parent EADS said today it is considering whether another German manufacturing site should be included on a list of properties to be sold off in a major cost-cutting program.
 
The site in the Bavarian city of Augsburg is part of the EADS Defense & Security Division, but nearly 70 percent of its revenues come from Airbus, to which it supplies airframe parts.
 
The company said it was carrying out an evaluation of the plant and added that a final decision would depend on consultations with employee councils at EADS and Airbus, ''as well as with all further relevant statutory bodies.''
 
In February, European Aeronautic Defence and Space Company N.V. said Airbus would cut 10,000 jobs over four years as part of a restructuring plan aimed at helping the planemaker overcome costly delays to its A380 superjumbo and the effects of a weaker U.S. dollar.
 
The European aircraft maker said it planned to offer to investors its Meaulte plant in France; the Nordenham factory in Germany; and Filton in Britain.
 
Three other sites—Saint-Nazaire-Ville in France and Varel and Laupheim in Germany—will be sold or closed, Airbus said.
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