EADs to cut 6,000 jobs and sell Paris HQ EADS, the European aerospace company, plans to cut between 5,000 and 6,000 jobs and sell its Parisian headquarters as part of a restructuring programme it will detail later on Monday, Le Figaro newspaper reported. Two industry sources told Reuters last month that the restructuring would cost thousands of jobs but fewer than the 8,000 reported by German news agency DPA. The potential 6,000 job cuts represents around 5pc of the group's total headcount. Le Figaro wrote that EADS did not foresee any layoffs as the job cuts would be met through voluntary redundancies and transfers, while employees nearing retirement or the end of their temporary contracts would not be replaced. The company's offices in the Paris region will be reorganised, while the headquarters of its defence unit Cassidian in the German city of Unterschleissheim, north of Munich, would be closed and transferred further south, to Ottobrunn, the newspaper said. The Parisian headquarters are valued around €100m (£83.7m), the paper said. The newspaper cited analysts as saying the reorganisation would enable EADS to save €300m-€500m between 2014 and 2016. German daily Handelsblatt had reported that EADS expected savings of €690m. EADS was not immediately available to comment.