AIR Airbus SE

--Airbus's Chief Executive Guillaume Faury refuses to commit to zero forced layoffs as it is impossible to know if enough employees will decide to voluntarily leave the company, he said during an interview with French weekly La Tribune.

--The European aerospace giant announced in late June its plan to cut 15,000 jobs, or roughly 11% of its workforce, in a bid to weather the coronavirus crisis and what should be its yearslong impact on the industry.

--However, in July, French junior economy minister Agnes Pannier-Runacher asked Airbus to avoid any compulsory layoffs as part of its restructuring plan, noting that this is a target and not a requirement from the government.

Full story in French: https://bit.ly/39RGgbB

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(END) Dow Jones Newswires

August 03, 2020 08:00 ET (12:00 GMT)

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