BERLIN, July 6 — German aircraft engine manufacturer MTU Aero Engines said today it is planning to cut at least 1,000 jobs as the impact of the coronavirus continues to hammer the aviation industry. “By the end of 2021, the company aims to reduce capacity at its German and international...
European aircraft maker Airbus said last week it is planning to cut around 15,000 jobs worldwide, 11 percent of its total workforce, in response to the ‘gravest crisis’ the industry has ever seen. — Reuters pic
“By the end of 2021, the company aims to reduce capacity at its German and international locations by a total of around 10 to 15 percent,” the company said in a statement. “As a result of the pandemic, the aviation industry will remain under pressure for some time to come,” CEO Reiner Winkler was cited as saying.
The company hopes however to avoid compulsory redundancies, making the savings instead through partial retirement, early retirement and other arrangements.
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