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Economy

Airbus to cut 1,400 jobs in France by 2015

media The new logo of aircraft manufacturer Airbus Group. Reuters/Benoit Tessier

Airbus on Monday announced that it will shed 5,291 jobs as part of the restructuring of its defense and space activities.

2,438 jobs are to go in Germany, including 1,010 at the Manching Eurofighter combat jet factory and just over 1,400 jobs would be affected in France.

The French jobs would be spread between four locations: 396 in Toulouse, 309 in Les Mureaux, 411 in Elancourt and 213 in Saint-Medard-en-Jalles.

Elsewhere, 559 jobs are to go in Spain, 705 in Britain and 150 in the rest of the world.

Airbus Group, which used to be called EADS until it changed its name in January, is combining and shrinking its defence and space activities to adjust to severe European spending cuts.

The Airbus jobcuts were announced as France posted record unemployment figures of is 3.3 million.

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