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Airbus officials to invest €2 billion in R&D

By Hpanchal on March 27, 2012

Airbus officials recently announced in Brussels that the European manufacturer will invest nearly €2 billion in environmental research and development. Christian Scherer, the company's head of strategy and future programs, added that they will also hire 4,000 new skilled workers this year.

The company had previously announced that one fourth of the 4,000 expected hires will be women. At the time Thierry Baril, Airbus’ executive vice president of human resources, said the decision wasn't undertaken to meet specific quotas. “I’m convinced that a more balanced proportion of women at all levels of the company can only improve Airbus’ performance,” he said in a statement.

The €2 billion investment will be targeted at reducing carbon emissions and curbing noise pollution. But the money is also being seen as a way to help boost the struggling economy of the eurozone.

“Airbus is a truly European company, and one that highlights how successful Europe can be if we work together," Scherer said in a statement.

The company also recently announced that it will work together with Boeing and Embraer to develop alternative sources of jet fuel.

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