Airbus fine-tunes job cuts as CEO confirms 40% output drop

PARIS/TOULOUSE — Airbus was finalizing an imminent restructuring plan expected to include thousands of job cuts on Monday as its chief executive confirmed plans to hold output down by 40% for two years. Europe’s largest planemaker could set out its largest ever reorganization plan by Wednesday, union sources said ahead of meetings early this week with Airbus, which declined to comment. Airbus needs to move swiftly to counter the damage caused by a drop of some 40% in its...