Airbus's Voluntary Layoffs May Not Be Enough Amid Coronavirus Crisis
14 Septembre 2020 - 07:00PM
Dow Jones News
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.
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