Arianespace to trim staff by 2,300
November 14, 2018
By Chris Forrester
ArianeGroup, the rocket launching joint venture owned by Airbus and Safran, is to trim staff by 2,300 between now and 2022.
ArianeGroup, in a statement, said that the ending of development of its Ariane 6 ‘next generation’ rocket as well as the need to keep Europe’s rocket launch business competitive “compelled ArianeGroup to reduce its capacity by the equivalent of 2,300 full-time jobs by 2022.”
The first flight of the new rocket is currently planned for 2020.
The staff reductions represent a 25 per cent fall in salaried personnel, and a higher percentage of overall Ariane 5 employees, according to reports.