Airbus Announces Job Cuts Amid Massive Dip In Aircraft Orders

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Airbus, the largest airplane maker in Europe, says it plans to cut 15,000 jobs over the next year amid a 40% drop in its business since the beginning of the pandemic.

Airbus CEO Guillaume Faury said the company was facing"the gravest crisis this industry has ever experienced."

"The measures we have taken so far have enabled us to absorb the initial shock of this global pandemic," Faury said."Now, we must ensure that we can sustain our enterprise and emerge from the crisis as a healthy, global aerospace leader, adjusting to the overwhelming challenges of our customers." Airbus did not rule out layoffs, but said it would first seek voluntary departures and early retirements.

Even so, the company faces tough negotiations with governments and unions to get the cuts it is seeking.In France, where President Emmanuel Macron's government earlier this month announced a nearly $17 billion support package for the aviation industry, Force Ouvriere and other unions vowed to oppose the cuts, according to Reuters.

"It's going to be a mighty battle to save jobs," Francoise Vallin of the French Confederation of Management – General Confederation of ExecutivesThe announcement at Airbus wasn't a surprise to many industry watchers, as aircraft orders have dried up amid a sharp decline in traffic for airlines due to the pandemic.

 

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Our domestic airline cuts are going to make these numbers look like a joke.

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Airbus says to shed 15,000 jobsAirbus on Tuesday unveiled plans to shed around 15,000 jobs including 900 already earmarked in Germany, saying its future was at stake after the coronavirus pandemic rocked the air travel industry. Super 😄 its good oportunity for me. Lubos
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