Airbus says to shed 15,000 jobs

Airbus says to shed 15,000 jobs
imageStock Markets8 hours ago (Jun 30, 2020 01:50PM ET)

(C) Reuters. FILE PHOTO: The logo of Airbus is pictured at the entrance of the Airbus facility in Bouguenais

TOULOUSE/PARIS (Reuters) – Airbus on Tuesday unveiled plans to shed around 15,000 jobs including 900 already earmarked in Germany, saying its future was at stake after the coronavirus pandemic rocked the air travel industry.

Europe’s biggest aerospace group said it would cut some 5,000 posts in France, 5,100 in Germany, 900 in Spain, 1,700 in the UK and 1,300 elsewhere for a core total of 14,000.

Additionally, the company has already agreed to cut 900 jobs at its Premium AEROTEC unit in Germany.

The move is subject to talks with unions which immediately renewed pledges to oppose compulsory redundancies. Airbus has refused to rule them out as it seeks voluntary departures.

Airbus says to shed 15,000 jobs

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