With air travel at a fraction of normal levels due to restrictions and travellers’ fears related to the pandemic, airlines have slowed deliveries of new aircraft.In an interview with the Handelsblatt business daily, Schoellhorn said the situation in early autumn was worse than the company had expected in the summer, adding that the planned 15,000 job cuts would be the minimum.
As some Airbus factories were already underutilized before the pandemic, labour unions now fear that the management could decide to shut down entire locations.“In terms of substance, I do not see any German locations at risk at the moment,” he said. Airbus chief executive Guillaume Faury said last month the planemaker would do its best to cut costs without resorting to compulsory redundancies, but it could not guarantee they won’t happen.
In a letter to staff in September, Faury warned that Airbus may have to carry out compulsory layoffs after air travel failed to recover from the pandemic as quickly as anticipated.
Christi75367510 Bad news but reality
Only have to look at the sky to get a feel of current outlook
BreesAnna Quelle surprise. We knew this in March.
It is that demand side of the problem.
Fox_Claire because boeings back MFer
'Get out of Aviation Stocks!!!!!' fixed it....
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Source: Reuters - 🏆 2. / 97 Read more »
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