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Airbus confirms production cuts put 3,700 jobs at risk across Europe

Airbus said 3,700 employees across its four home countries in Europe will be affected by lower production rates of its A380 passenger jet and A400M military aircraft.

The European aerospace giant said it will attempt to re-deploy workers whose jobs are at risk in France, Germany, the U.K. and Spain.

"The company is confident that it will be able to propose opportunities to most of the affected employees through programs which are ramping up," said Airbus, which will enter formal negotiations with staff representatives at European and national levels.

Starting from 2020, production of the A380 planes and A400M aircraft will be reduced to six and eight per year, respectively, according to Airbus. In comparison, the company delivered 15 A380s and 19 A400M planes in 2017. It was also expecting to produce 15 A400M planes in 2018 and 11 units in 2019.

"At a baseline of six deliveries per year, Airbus can produce the A380 in an industrial efficient way over the coming years," Airbus said. "This baseline allows Airbus to pursue further sales campaigns which may lead to higher production levels."

The A380, considered the world's largest passenger plane, has been facing weak demand while the A400M has been plagued by glitches. In 2017, Airbus recorded a €1.30 billion charge related to the A400M program.

Airbus presented its adjusted production rates to the European Works Council on March 7.

"Airbus has to ensure the best possible production flow for its products," the company said. "These rate adjustment decisions provide clear visibility for customers, the supply chain and employees over the coming years."