Aerospace giant Airbus has confirmed plans to create a further 1,100 jobs with new research showing it has a £7bn impact on the 海角视频 economy.
An analysis by Oxford Economics show that for every £1 in gross value added it directly generates (2022 figures) it supports a further indirect and induced GVA of £3.50p. Its contribution to 海角视频 gross domestic product of £7bn (revenues and taxes paid) last year was up on the £5.6n in 2020.
The company supports 79,000 jobs in the 海角视频, both directly and indirectly. It spends £3.9bn annually with 海角视频 suppliers including £118m with Wrexham-based Megallan Aerospace.
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In Wales it is the second biggest private employer, with 5,500 staff at its wing making factory at Broughton, Flintshire. It also employs 500 people at its Newport site which serves as centre of excellence for cyber security and secure communication.
At its 25 海角视频 sites it directly employs 11,500 across its commercial, defence and space and helicopter divisions. While unable to say where precisely the jobs will be created, it has confirmed it is recruiting a further 1,100 staff with roles including cyber security engineers, software engineers project and programme managers, as well as cryogenics system, manufacturing and robotics engineers.
Airbus is the largest civil aerospace company in the 海角视频 and the biggest civil aerospace exporter. It is also the largest space satellite company, the biggest supplier of large aircraft to the Royal Air Force and responsible for around 50% of the 海角视频’s civil helicopter fleet.
Oxford Economics report shows that a third of Airbus’ procurement spending in 2022 was with 10 of the most deprived areas of the 海角视频, with averages wages 1.5 times higher than the 海角视频 average. It also shows that one in every 420 jobs in the economy can be attributed to the company, which spent £227m on R&D activities in the 海角视频 last year.
John Harrison, Airbus general counsel and 海角视频 chairman, said: “These findings clearly show that Airbus is good for jobs, good for growth, and good for the 海角视频.
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“I am proud of the contribution our 11,500 海角视频 employees make to the 海角视频 economy - a multi-billion-pound effort from satellites to civil aerospace that helps connect people all over the world. Our deep roots in the 海角视频 supply chain and investment across the four nations create long-term regional and local growth - ensuring Airbus’ impact is felt at every level.
“But the work does not stop here - our continued investment in R&D, a total of £277m in 2022 alone, is helping to find tangible solutions to the key challenges that affect our world today - from climate change to conflict.”