European aerospace group EADS will unveil restructuring measures aimed at saving 2 billion euros ($2.53 billion) a year this week after new delays in deliveries of its A380 superjumbo, financial daily Les Echos reported, without quoting sources.
The delays, discussed in a board meeting on Friday, are likely to cut 2 billion euros from the group's earnings by 2010, the paper said in an article in its Monday edition released ahead of publication on Sunday.
The restructuring plan, which would come on top of a three-year 1.5 billion euro savings plan launched in 2003, would involve a shakeup of industrial operations and assembly sites, increased use of external suppliers and the sale of sites judged nonstrategic, the paper said.
No comment could immediately be obtained from EADS.
Les Echos said details of the plan would be presented to staff representatives on Wednesday.
EADS, the world's second-largest aerospace group after Boeing has been hit by a series of crises over the past year, culminating in a third set of delays to deliveries of the A380 superjumbo, which is now about 18 months behind schedule.
The company, which called Friday's meeting to discuss a revised delivery schedule for the A380, is under pressure to present a clear picture of the future to ward off a further loss in confidence in its superjumbo.