The European aerospace group Airbus is facing one of the biggest challenges in its corporate history. In one step, the company has announced that it will cut up to 2.500 jobs in its struggling defense and space division. This measure is expected to be implemented by mid-2026. In Germany and other European countries, Airbus' defense and space division employs almost 35.000 people, making the impact of the job cuts significant. Airbus is facing serious problems in its space division, which led to write-downs of 989 million euros in the first half of the year. These financial setbacks have had a significant impact on the company's interim balance sheet. According to Airbus CEO Guillaume Faury, the space industry represents a major challenge that must now be overcome. "We are now tackling the roots of the issue," explained Faury when presenting the half-year balance sheet. The reasons for these radical cuts are varied. On the one hand, European space companies are struggling with increasing competition from the USA, especially from private companies such as SpaceX, which dominate not only in space travel but also in satellite communications and rocket development. On the other hand, geopolitical tensions and fluctuating demand for military equipment have had a negative impact on orders in the defense industry. In addition, higher production costs and supply chain problems are also affecting Airbus's economic situation. The war in Ukraine has changed the security situation in Europe and boosted defense orders in many countries, but these developments come too late to alleviate the existing problems of the space division. Talks with the unions and the future of Airbus In response to the announced job cuts,