Companies in Aerospace Valley brace for Airbus Power8 storm
France’s Aerospace Valley, with 94,000 jobs at 1,300 companies (including approximately 1,000 small and medium-sized enterprises– SMEs) and 8,500 research

France’s Aerospace Valley, with 94,000 jobs at 1,300 companies (including approximately 1,000 small and medium-sized enterprises– SMEs) and 8,500 research positions, has emerged on the industry map as Europe’s only true aerospace cluster. Aerospace Valley, the cooperative venture between Midi-Pyrénées and the neighboring southwest region of Aquitaine representing 61 SMEs, is again exhibiting here at Le Bourget in Hall 4.

But as a new French president and government take over following legislative elections this month, both regions have expressed concern about the effect on jobs and the local economy of Airbus’s Power8 restructuring plan. Some 4,300 of the 10,000 proposed job cuts at the European airframer would be in France and thousands more positions at its subcontractors could be axed.

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