TOULOUSE, July 1 ― Airbus is cutting 15,000 jobs within a year, including 900 already earmarked in Germany, saying its future is at stake after the coronavirus outbreak paralysed air travel. Airbus is moving swiftly to counter damage caused by a 40 per cent slump in its €55 billion (RM264.8...
Airbbus said it would cut 5,000 posts in France, 5,100 in Germany, 900 in Spain, 1,700 in the UK, and 1,300 elsewhere by mid-2021, for a core total of 14,000. — Reuter pic
But it faces tough talks with governments as well as unions, which immediately pledged to fight compulsory redundancies. A 2008 restructuring triggered rare strikes and protests.Europe's biggest aerospace group said it would cut 5,000 posts in France, 5,100 in Germany, 900 in Spain, 1,700 in the UK, and 1,300 elsewhere by mid-2021, for a core total of 14,000.
Britain's Unite union called the measures “industrial vandalism.” France's hard-left Force Ouvriere union and others said they would oppose mandatory cuts. Airbus refused to exclude sackings, but said it would first seek voluntary departures, early retirements and other measures. It wants to start implementing cuts this autumn and complete them next summer ― a brisk deadline for such plans in Europe.
“We think we are rather stable now and there will be minor adjustments as we have in normal times,” Faury told Reuters. About 37 per cent of the 135,000-strong Airbus workforce is due to retire this decade, led by veterans of its best-selling A320.
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