Airbus Plans to Cut 15,000 Jobs Globally Due to Coronavirus Pressures
June 30 2020 - 3:06PM
Dow Jones News
By Kimberly Chin
Airbus SE said Tuesday it expects to cut roughly 15,000
positions from its global workforce by the summer of 2021, as the
company faces continued pressure from reduced demand for commercial
aircraft due to reduced travel stemming from the coronavirus
pandemic.
The European airline manufacturer said activity in its
commercial aircraft segment fell by roughly 40% in the past few
months. It has adjusted its commercial aircraft production rates
accordingly, Airbus said.
"With air traffic not expected to recover to pre-Covid levels
before 2023 and potentially as late as 2025, Airbus now needs to
take additional measures to reflect the post Covid-19 industry
outlook," the company said.
Airbus expects to cut 5,000 jobs in France, 5,100 jobs in
Germany, 1,700 positions in the U.K. and 900 posts in Spain, in
addition to 1,300 positions across its other sites globally.
The company said it aims to cut jobs through measures such as
voluntary departures, early retirement and long-term partial
unemployment schemes.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
June 30, 2020 14:51 ET (18:51 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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