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Work in Germany affected: Arianegroup cuts thousands of jobs



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Starting in 2020, the sixth version of the Ariane rocket will be ready.

Starting in 2020, the sixth version of the Ariane rocket will be ready.(Photo: Imago / Hollandse Hoogte)

Monday, November 12, 2018

The development of the Ariane 6 rocket is about to be completed, but competition from Russia and the United States is great. The European space company Arianegroup now has consequences and announces a large-scale job reduction.

The European space company Arianegroup will cut around 2,300 jobs by 2022. The reason for this was the end of the development of the Ariane 6 rocket and "unfavorable" market conditions in Europe, the company said. Arianegroup currently employs about 9,000 people in France and Germany.

Arianegroup was founded in 2014 as a joint venture of the Airbus Group and the French company Safran to develop and build the Ariane 6 rocket. The rocket is to replace the Ariane 5 model from 2020, which has been in use for 22 years and was launched in September For the hundredth time in space and brought to them two telecommunication satellites in their orbit. According to the operator, Ariane 6 has a 40 percent cheaper and more versatile production.

The company is striving to do so through the space company Private SpaceX by Tesla's founder, Elon Musk. Competitors will be strengthened by a large volume of "institutional orders," Arian group lamented. At the same time, other space nations favored the domestic manufacturers of foreign competitors for their projects. For job cuts, jobs unemployed in Arianegroup should not be covered.

Source: n-tv.de

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