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

-0- 

(END) Dow Jones Newswires

July 23, 2020 06:39 ET (10:39 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
Airbus (EU:AIR)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Airbus Charts.
Airbus (EU:AIR)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Airbus Charts.