More News on Layoffs In Toulouse: Much Ado About Little?

It's reported that as part of the Power8 program Airbus is going to cut a couple thousand or so production jobs in Toulouse by 2010 and a thousand office workers as well.

That doesn't even sound like a good old fashioned layoff, which makes me wonder how Airbus expects to shake a couple billion dollars out of this process.

Gather round me children, and a story I will tell,
How 3700 Dougloids went down the road to hell.

And it all happened on one day: March 16, 1992.