Airbus: to make 15,000 redundancies
(CercleFinance.com) - Airbus has announced plans to adapt its global workforce and resize its commercial aviation business in response to the Covid-19 crisis, which is expected to result in it making approximately 15,000 redundancies by the summer of 2021 at the latest.
"With air traffic not expected to recover to pre-COVID levels before 2023 and potentially as late as 2025, Airbus now needs to take additional measures to reflect the post COVID-19 industry outlook," Airbus said.
The information and consultation process with social partners has begun with a view to concluding agreements whose implementation will begin this autumn. In particular, it expects to make around 5,000 redundancies in France and 5,100 in Germany.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
"With air traffic not expected to recover to pre-COVID levels before 2023 and potentially as late as 2025, Airbus now needs to take additional measures to reflect the post COVID-19 industry outlook," Airbus said.
The information and consultation process with social partners has begun with a view to concluding agreements whose implementation will begin this autumn. In particular, it expects to make around 5,000 redundancies in France and 5,100 in Germany.
Copyright (c) 2020 CercleFinance.com. All rights reserved.