Finance

Airbus to close one plant in southern Spain By Reuters

© Reuters. FILE PHOTO: The logo of Airbus is seen on a building in Toulouse, France, March 11, 2021. REUTERS/Stephane Mahe/File Photo

PARIS (Reuters) – Airbus plans to end industrial production at one of its two factories in Cadiz (NASDAQ:), southern Spain, and merge them into one site spanning civil and defence activities, a spokesman said.

The plan – which is subject to negotiations – would avoid compulsory redundancies and follows months of speculation and protests over the future of the Puerto Real civil aerospace plant in the wake of a decision to halt A380 production.

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