PARIS Jan 30 Thales Alenia Space aims to cut
around 300 jobs in France, or about 7 percent of its 4,300 staff
in the country, financial daily Les Echos reported on Thursday.
The joint venture between Italy's Finmeccanica and
France's Thales plans the job cuts as part of a
cost-cutting drive unveiled in December which will also affect
units in other countries, the daily said.
The number of job cuts could increase or decrease depending
on whether the company meets its target of selling three
communications satellites this year, the newspaper said.
A spokeswoman for Thales Alenia Space said the cuts would be
met through voluntary redundancies.
The company has 7,500 employees in France, Italy, Spain,
Belgium, Germany and the United States, according to its
It aims to cut costs by 20 percent by mid-2015. Its sales
have suffered from a strong euro and a tough European aerospace
Airbus Group is also restructuring its defence and
space activities and plans to shed more than 5,000 jobs.
(Reporting by Natalie Huet and Alexandre Boksenbaum-Granier;
editing by Jason Neely)