The Covid-19 crisis is far from over and the reconfigurations decided in several countries are jeopardizing the very slight recovery in air traffic.
In this context, Safran's activity continued to be affected, "
certainly a little less than in the second quarter
", noted this Friday, Philippe Petitcolin, CEO of the French aeronautical group, commenting on the figures for the third quarter of 2020 Consolidated sales fell 44.5% (and -42% at constant scope) between July and September, while they were down 46.5% in the second quarter.
Read also: Aeronautics: the 7 reasons why the crisis is likely to worsen
Beyond the figures, Safran has shown resilience “
thanks to adaptation measures taken very early
”, underlines the CEO.
The aeronautical engine and equipment supplier has taken drastic measures: it has cut 15,000 permanent jobs (20% with temporary workers), only internationally, and has rationalized its industrial establishment, by closing 4 factories around the world.
In France, in order to preserve
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