Aerospace firm EADS's German Airbus unit must seek additional savings due to the weak dollar, despite being boosted by a big contract awarded by the US Air Force, Chief Executive Thomas Enders said in an interview with Berlin daily Der Tagespiegel.
But with full order books, there was no room for job reductions beyond those already planned, he said in excerpts of the interview, which is due to be published on Monday. "When the dollar drops by 10 cents, we have to make savings of one billion euros ($1.52 billion) in order to maintain our competitiveness," Enders said. "We are worried not just by the decline of the dollar but also by the speed of this decline," he added.