Airbus Employees Walkout

October 10 00:00 2011

New York, October 9 ( – The German factories of Airbus faced a walkout from 11,000 workers after the talks between the management and the labor union failed to yield any fruitful results. The management and the labor union have been negotiating hard for almost 18 months now, but to no avail.

Airbus management has agreed to keep the factories working and the jobs within Germany if the laborers agree to a year on year productivity hike. The Airbus management wants the workers to guarantee 2% productivity every year. This would save the airplane manufacturer billions of euros every year.

The labor unions feel that this demand is unrealistic. It is impossible to have a year on year productivity improvement. The management feels that they are being fair. Airbus management is touting itself as the only company which is offering job security for 9 years even in such turbulent economic climate if the workers adjust a little with the managements demand.

Airbus management has been quoted saying that their German operations are productive right now and add to the bottom line of the company and they want to keep it that way. The moment they start subtracting from the bottom line of the company, Airbus may have no other options but to move jobs overseas.