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EADS in line with 2010 savings targets
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Posted 18 June 2008 @ 04:50 pm GMT
European aerospace group EADS is "in line" with its target to cut costs by 2.1 billion euros ($3.25 billion) by 2010, EADS Chief Executive Louis Gallois told reporters on Wednesday.
REUTERS/Tobias Schwarz
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U.S. Congress roiled by Air Force tanker decisionGallois also said savings measures in addition to the company's "Power 8" restructuring plan would be announced as soon as they were ready, declining to confirm that they would be unveiled in the second quarter of 2008 as previously announced.
(Reporting by Matthias Blamont, Writing by Marie Maitre)
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