Airbus will cut 15,000 jobs to survive in the crisis

Airbus 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.

Airbus’ decision is being discussed with union representatives, who have said they will oppose the cuts.

“We can’t break away from the development of airlines,” Airbus CEO Guillaume Forry told the German newspaper Welt (Monday’s issue). Whereas the group previously talked about a reduction of about 30 percent, now 40 percent is mentioned, as the difference from the previously planned expansion of production will increase in 2020/21.

Only 40 of the best-selling A320 series will be produced per month. Currently, many manufactured aircraft do not fly, Fori said. For now, airlines do not accept them due to the market downturn caused by the coronary crisis. At least until the end of 2021, production and deliveries will not be restored, says the director of Airbus.

 Junior Trader Daniel Dimitrov

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