Airbus workers deny dollar danger

Published on Saturday 24 November 2007 01:36

THE weak dollar is not threatening the survival of European plane maker Airbus, employees at the company have assured the public.

The firm's workers' council says that although the strong euro did pose a problem, it was not life threatening for Airbus as its chief executive Thomas Enders had suggested.

Enders said the exchange rate had gone "beyond the pain barrier" and warned its cost-saving plan would have to cut deeper to counter the impact of the weak dollar. Airbus is already shedding 10,000 jobs and selling plants after delays to its A380 superjumbo drove the company into a loss.