Airbus undertakes historic restructuring to ensure its survival

In exceptional crises, exceptional measures. In struggle for its survival, Airbus announced, last night, after a board of directors and a meeting of its European group committee, 15,000 job cuts, out of a total of 135,000 in the world, by the summer of 2021. This is the most significant restructuring ever launched by Airbus since its birth in 1969. It looks harsher than the measures taken under the Power 8 plan, in 2008, which resulted in 5,000 job losses at Airbus and as many at its subcontractors.

The clear cuts announced concern the commercial aviation activity which employs nearly 90,000 people in Europe. If we add the 2,667 job cuts announced at Airbus Defense & Space as well as the 900 job cuts in the Premium Aerotec subsidiary in Germany, decided before the Covid-19 crisis, it is 18,567 jobs that Airbus will lose in total, in less than a year.

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