French Government Asks Airbus to Avoid Compulsory Layoffs
July 23 2020 - 6:54AM
Dow Jones News
By Olivia Bugault
The French government has asked Airbus SE to avoid any
compulsory layoffs as part of its restructuring plan, Agnes
Pannier-Runacher, a French junior economy minister, said Thursday
on France's BFM TV.
"What we are asking to Airbus is to have a target of zero
compulsory layoffs," Ms. Pannier-Runacher said, noting that this is
a target and not a requirement from the government.
The European plane maker announced the biggest restructuring
plan in its history in late June as the coronavirus crisis
triggered a collapse in air travel. The 15,000 job cuts planned by
Airbus across its commercial aircraft division include 5,000 jobs
in France.
Write to Olivia Bugault at olivia.bugault@wsj.com
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(END) Dow Jones Newswires
July 23, 2020 06:39 ET (10:39 GMT)
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