Aerospace company Airbus Defence and Space says it plans to cut more than 2,300 jobs before the end of 2021.
A total of 2,362 positions will be lost, including 357 jobs in the UK.
The company said the job losses were "necessary" as a result of "a flat space market and postponed contracts" during the past three years.
Aircraft and satellites are among the technology produced by the firm, and are believed to make up around 20% of Airbus' overall revenue.
A company statement also confirmed 829 jobs in Germany, 630 in Spain, 404 in France and 142 in other nations would be among the thousands of positions to be lost.
"These efforts will be supported by a reinforced profitability programme and further measures to increase long-term competitiveness and safeguard the division’s future positioning," it read.
Relations with the German military are understood to have caused some setbacks, with the country's air force rejecting two A400M military transporters due to recurring faults.
Cover image: An Airbus A400M at Brize Norton (Picture: MOD).