PARIS, June 29 — Airbus plane output will be 40 per cent lower for two years compared to pre-crisis plans, its chief executive said in remarks published today, underscoring the threat to jobs as it draws up rapid restructuring plans due to a travel slump. Reuters reported on June 3 that Airbus...
Air France A380 Airbus and airplanes sit on the tarmac at the site of French aircraft storage and recycling company Tarmac Aerosave in Tarbes, France June 19, 2020. — Reuters pic
Reuters reported on June 3 that Airbus was looking to hold underlying jet output at 40 per cent below pre-coronavirus pandemic plans for two years as the basis for the restructuring. The latest figures do not imply any immediate new production cut after Airbus reduced output by between 33 per cent and 42 per cent to new output levels that it plans to keep under review.
The sources have predicted phased cuts of between 14,000 and 20,000 jobs based on the production targets.
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Airbus expects output to be down 40% until 2021 as job cuts loomSources are predicting phased cuts of between 14,000 and 20,000 jobs. FMTNews Airbus
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