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Airbus sets the stage for major job cuts

2020-06-23T16:15:17.321Z

In order to avoid layoffs, the group could refrain from replacing 6,000 retirements per year.These are " bitter " and " difficult " but necessary decisions: Airbus must adapt to the new market conditions created by the Covid-19 epidemic. World air traffic will not return to its level of 2019, before 2023 " at best ", " even 2025"Writes Guillaume Faury, Executive Chairman of Airbus, in a letter to the 140,000 employees of the European giant, including 80,985 in the commercial aviation divi...



These are " bitter " and " difficult " but necessary decisions: Airbus must adapt to the new market conditions created by the Covid-19 epidemic. World air traffic will not return to its level of 2019, before 2023 " at best ", " even 2025"Writes Guillaume Faury, Executive Chairman of Airbus, in a letter to the 140,000 employees of the European giant, including 80,985 in the commercial aviation division. As a result, demand for new aircraft is expected to decrease by 40 to 60% in the next five years compared to 2019, according to a study by Archery Consulting. Hence the need to take further measures, after the fall in production rates of an average of one third, announced last April. Guillaume Faury will detail them in July, " probably before the start of the school holidays, on July 4, " one says in his entourage.

Read also: Aeronautics could take between five and seven years to recover from the Covid-19

The extension of partial unemployment measures, negotiated with the Ministry of Labor, will probably not be enough to avoid

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Source: lefigaro

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