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EADS Headquarters to concentrate on a strategic role

Amsterdam, le 16 mars 2001

Having accomplished the initial phase of combining the corporate functions of the three founding companies, EADS Headquarters will now be streamlined to concentrate on tasks as a strategic shaper of the company. The furture Headquarters functions are mainly to focus on controlling, allocation of financial resources, strategy, coordination of best practises exchange and management of human resources. Therefore purely monitoring and service activities can be reduced or transferred to the operative units.

A resolution on this orientation of Headquarters towards the strategic role has been passed by the Executive Committee and approved by the EADS Board of Directors. The employees' representatives and the HQ staff have been informed this week about the principles of this plan.

The future EADS Headquarters would require between 430 and 530 staff. This is the result of a study conducted by McKinsey, the management consultants. Up to now, HQ represents roughly 1,100 staff.

Tasks that have hitherto been carried out by approximately 570 to 670 staff at HQ are currently being considered for transfer to Business Units or centers of competence. They could alternatively be outsourced or dropped as a result of the realignment, allowing more efficient structures. In addition, the possibilities of a transfer to other functions within the EADS Group will be examined thoroughly.

"An efficient and competent central management is of utmost importance for EADS and its success", commented the CEOs Philippe Camus and Rainer Hertrich.

The plan of Headquarters restructuring will be worked out in more detail by the end of May. Thereafter, and following consultations with the employees' representatives, implementation is to start as soon as possible and shall be finished in 2002.

Points of contact:

Dr. Rainer Ohler Tel. +49 89 607 34235
Miguel Sanchez Tel. +34 91 585 7789
Roland Sanguinetti Tel. +33 1 42242426

EADS JOB-NAVIGATOR

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