Airbus to Cut Up to 2,500 Jobs in Defense and Space

PARIS—Airbus announced plans on Wednesday to cut up to 2,500 jobs in its Defense and Space division after spending months taking a deep dive into heavy losses in its satellites business. The European aerospace group said it aimed to carry out the cuts, which represent 7 percent of the workforce in its second-largest division, by mid-2026 after talks with unions but would hold off taking an immediate restructuring charge. Airbus builds satellites and transporters and has key shares in European missile, fighter, and space-launch programs. It has been hit by 1.5 billion euros ($1.63 billion) of charges in space systems in recent quarters, led by the high-tech OneSat project, and delays and rising costs in defense....