aviation

VW HR chief says expects five-digit number of job cuts: FAZ

BERLIN/FRANKFURT (Reuters) – Volkswagen expects the shift to electric cars to cost a five-digit number of jobs in coming years, the Frankfurter Allgemeine Zeitung newspaper reported, citing the carmaker's human resources chief. Karlheinz Blessing, who sits on VW group's nine-member top management board, said the carmaker will need to cut jobs in production as assembly of electric engines requires fewer workers than making combustion engines, the newspaper said, citing an interview to be published in Saturday's …

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VW HR chief says expects five-digit number of job cuts: FAZ

aviation

Bombardier books four Challenger 650 orders from Zetta Jet

ORLANDO, Fla. (Reuters) – Canadian plane and train maker Bombardier Inc said on Sunday it had booked an order for four of its Challenger 650 business jets from Zetta Jet, a charter operator based in Singapore, valued at $129 million at list prices.

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Bombardier books four Challenger 650 orders from Zetta Jet

aviation

UK opens corruption probe into Airbus jet sales

Britain's Serious Fraud Office has launched a formal investigation into suspected fraud, bribery and corruption in connection with commercial plane sales by Airbus, parent company Airbus Group said on Sunday. A UK government agency this year suspended the issue of export credits to Airbus, citing discrepancies in declarations by the plane maker on the use of third-party intermediaries during jet sale negotiations. The agency, UK Export Finance, had said it was referring the discrepancies to the SFO, which would decide whether to launch a criminal investigation.

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UK opens corruption probe into Airbus jet sales