European aircraft maker and Boeing rival Airbus said Wednesday that it was laying off 2,500 workers as it tries to turnaround its struggling defense and space division. Airbus said it would implement other organizational changes as it faces ongoing challenges in the defense and space sector, including disrupted supply chains, the rapid evolution of warfare tactics and increasing costs. The announcement comes after the company had already begun making organizational changes in the division last year, which it said have begun “bearing fruit.”Read More