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2007 restructuring
On 9 October 2006 Christian Streiff, Humbert's successor, resigned due to differences with parent company EADS over the amount of independence he would be granted in implementing his reorganisation plan for Airbus.[67] He will be succeeded by EADS co-CEO Louis Gallois, bringing Airbus under more direct control of its parent company.
On 28 February 2007, CEO Louis Gallois announced the company's restructuring plans. Entitled Power8, the plan would see 10,000 jobs cut over four years; 4,300 in France, 3,700 in Germany, 1,600 in the UK and 400 in Spain. 5,000 of the 10,000 would be at sub contractors. Plants at Saint Nazaire, Varel and Laupheim face sell off or closure, while Meaulte, Nordenham and Filton are "open to investors".[68] As of 16 September 2008 the Laupheim plant has been sold to a Thales-Diehl consortium to form Diehl Aerospace and the operations at Filton have been sold to GKN of the United Kingdom.[69] The announcements have resulted in Airbus unions in France planning to strike, with German Airbus workers possibly following.[70]
At the end of 2009, another bold project was launched. The Airbus Finance Improvement & Transformation (AFIT) initiative has been established as a platform to drive continuous improvement across Finance and beyond. During the AFIT Kick-Off Meeting, Harald Wilhelm, Airbus CFO, explained that this new challenging program will contribute to achieve the vision of a streamlined and harmonised Finance Function. To reach this objective AFIT will be focused on four improvement areas: Performance Management and Operational Reporting, Business Partnership and Anticipation, Accounting / Controlling Process and Tools, Airbus Military Roadmap.
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