Airbus to axe nearly 500 UK jobs to cut costs

Airbus will axe 477 jobs in the UK as the plane maker scales back its space business and tries to trim costs.More than 2,000 jobs - 5% of its workforce - will be lost globally by mid 2026.Compulsory job cuts are not planned, the firm said, adding "almost all of the positions affected" do not relate to specific projects or programmes.The cuts come as the firm's profits fall even as its sales rise, with the plane…