100+ dismissed in Airbus compliance crackdown

News Summary:

Airbus released 100 employees for ethics and compliance reasons in 2018. In addition they issued warnings to 300 employees. The company is conducting a wide ranging internal crackdown and dealing with outside fraud probes.

Airbus has implemented an enterprise wide whistle blower process. The new process has resulted in a sharp increase in the number of complaints filed and provided insights into compliance trends within Airbus.

The company, which employs around 130,000 people worldwide, is under investigation in the United States over suspected violations of export controls and U.S. officials have also kept a close watch on the European bribery probes.

(Tim Hepher | Reuters)

Hyperproof Perspective:

Hyperproof believes companies must employ a three line-of-defense strategy in order to manage compliance effectively. A holistic compliance solution should include whistle blower functionality and include the first line of defense. Hyperproof is a holistic compliance solution focused on incorporating all three lines of defense. Hyperproof – “Simplifying compliance.”

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