Airbus SE's response plan to the air-transportation crisis caused by the coronavirus pandemic may require measures other than voluntary redundancies, according to a message that Chief Executive Guillaume Faury sent to employees on Friday.

In the face of a weak recovery in air traffic during the summer, the executive said the company "must prepare for a crisis probably deeper and longer than previous scenarios suggested," and added that it seems unlikely that voluntary departures will be enough.

Airbus said it has reduced its commercial aircraft production rate by about 40% compared with its pre-pandemic outlook for 2020-21.

The French aircraft manufacturer had announced at the end of June its intention to cut about 15,000 jobs world-wide, including about 5,000 in France, by the summer of 2021 at the latest.

"Although forced measures cannot be ruled out at this stage, Airbus will work with its social partners to limit the impact of this plan by relying on all available social measures," the company added.


(This story was translated in whole or in part from a French-language version initially published by L'Agefi-Dow Jones) -- Author: Francois Berthon


(END) Dow Jones Newswires

September 14, 2020 12:45 ET (16:45 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
Airbus (EU:AIR)
Graphique Historique de l'Action
De Oct 2020 à Nov 2020 Plus de graphiques de la Bourse Airbus
Airbus (EU:AIR)
Graphique Historique de l'Action
De Nov 2019 à Nov 2020 Plus de graphiques de la Bourse Airbus