Airbus to cut 15000 jobs as virus bites hard

Airbus to cut 15000 jobs as virus bites hard

Airbus on Tuesday (30 June) unveiled plans to shed 15,000 jobs within a year, including 900 already earmarked in Germany, saying its future was at stake after the coronavirus outbreak paralysed air travel. Airbus is moving swiftly to counter damage caused by a 40% slump in its €55 billion jet business following the pandemic, balancing the belt-tightening against aid offered by European governments. But the plane maker faces tough talks with governments as well as unions, which immediately pledged to fight compulsory redundancies. A 2008 restructuring triggered rare strikes and some protests. “It’s going to be a mighty battle to save jobs,” said Francoise Vallin of the CFE-CGC union. 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. The overall tally includes another 900 job cuts planned before the crisis at its Premium AEROTEC unit in Germany. On 3 June, Reuters reported Airbus’s reduced jet output pointed to cuts of 14,000 full-time posts. Earlier on Tuesday, French union sources predicted 15,000 total cuts. Britain’s Unite union called the measures “industrial vandalism.” France’s hard-left Force Ouvriere union and others said they would oppose any mandatory cuts. There was immediate political pushback in France, where the government of President Emmanuel Macron weeks earlier announced a €15 billion package of support for aviation. “The number of job cuts announced by Airbus ...
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