By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Travel Radar - Aviation NewsTravel Radar - Aviation News
  • Breaking News
  • Aviation
    • Aircraft
    • Airlines
    • Airshow & Events
    • Careers
    • Manufacturing
  • Travel
    • Airports
    • Points & Loyalty
    • Technology
    • Trip Reviews
  • Newsletters
Reading: Airbus to Cut 15 000 Jobs in COVID-19 Adaptation Plan
Share
Sign In
Notification Show More
Font ResizerAa
Font ResizerAa
Travel Radar - Aviation NewsTravel Radar - Aviation News
  • Breaking News
  • Aviation
    • Aircraft
    • Airlines
    • Airshow & Events
    • Careers
    • Manufacturing
  • Travel
    • Airports
    • Points & Loyalty
    • Technology
    • Trip Reviews
  • Newsletters
Have an existing account? Sign In
Follow US
Copyright © Travel Radar Media Ltd. 2024 | All Rights Reserved
Travel Radar - Aviation News > News > Airbus to Cut 15 000 Jobs in COVID-19 Adaptation Plan

Airbus to Cut 15 000 Jobs in COVID-19 Adaptation Plan

Travel Radar
Last updated: 1 July 2020 11:53
By Travel Radar Staff 3 Min Read
Share
Airbus Fleet
SHARE

Airbus is one of the largest aircraft manufacturers in the world. But it too has fallen victim to the growing list of problems created by the coronavirus. It announced on Tuesday — as part of its long-awaited COVID-19 adaptation plan — that it will cut 15 000 jobs after failing to cope with a 40% drop in the commercial aircraft business activity.

Airbus CEO Guillaume Faury said:

Airbus is facing the gravest crisis this industry has ever experienced… Now, we must ensure that we can sustain our enterprise and emerge from the crisis as a healthy, global aerospace leader, adjusting to the overwhelming challenges of our customers. To confront that reality, we must now adopt more far-reaching measures.

Faury said that despite ramping down production and using the partial unemployment government schemes, Airbus is unable to lessen the impact of the crisis. He added that the situation “calls for more structural and wide-ranging actions… This means that a reduction of positions cannot be avoided.”

Airbus will spread the total redundancies across its global network. Around 5 000 jobs will be cut in Germany and France, followed by 1 700 in the UK.

The Unite trade union said that around 1 116 manufacturing jobs will be lost at Airbus’ two largest factories in the UK — North Wales and Bristol. It went as far as calling the move as “industrial vandalism.”  While France’s Force Ouvriere said today the mandatory job cuts were a “red line.”

Airbus Fleet Top-view
© Airbus

Even the French government — that holds an 11% stake in Airbus — was taken aback by the large number of planned job cuts. A source in the finance ministry said:

The number of job cuts announced by Airbus is excessive. We expect Airbus to fully use instruments put in place by the government to reduce job cuts.

On Wednesday, the French government urged Airbus to avoid unnecessary layoffs in its latest restructuring program. The Transport Minister, Jean-Baptiste Djebbari, suggested a “reduced-work program” and “investment in next-generation green jet” could save up to an estimated 5 000 positions from the planned layoffs.

The European planemaker believes that by working closely with its social partners it can limit the impact of the crisis. It will rely on “all available social measures, including voluntary departures, early retirement, and long term partial unemployment schemes” to do this.

Needless to say, Airbus is going through a rough patch as it prepares for the challenges lying ahead.

It — like Boeing — recorded no new orders in May; an anomaly in an otherwise busy month.

Can Airbus weather the storm that lies ahead? 

You Might Also Like

Alaska and Hawaiian Airlines Debut Conservation Film for World Oceans Month

Air Canada Launches Flights to Porto

easyJet’s Financial Performance Results in Loss at Half Year 2024-25

Air New Zealand Set to Receive New Airbus A231neo

PSA Airlines Set to Debut Aircraft 639 in July 2025

Share This Article
Facebook Twitter Email Copy Link
What’s your thoughts?
Love0
Sad0
Happy0
Angry0
Travel Radar
By Travel Radar Staff
Follow:
Articles from guest contributors wishing to remain anonymous are credited to this account. Want to contribute to Travel Radar either in-name, or anonymously? Get in touch: [email protected]
Previous Article Jet Blue Embraer ERJ-190 Seven Major American Airlines Introduce Mandatory Pre-Flight Health Declarations
Next Article ‘O, Canada’; National Carrier Takes Another Knock
2 Comments
Subscribe
Login
Notify of
guest
guest
2 Comments
Oldest
Newest Upvoted
Inline Feedbacks
View all comments

Stay Connected

FacebookLike
TwitterFollow
InstagramFollow
YoutubeSubscribe

Trending News

AIR Tap Portugal aircraft
TAP Air Portugal: Terceira To San Francisco
Airlines Aviation Travel
BETA Technologies' all-electric Conventional Takeoff and Landing aircraft (eCTOL)
BETA Technologies Lands Passenger-Carrying Electric Aircraft
Aviation Manufacturing Travel
Paris Airshow 2019, Airbus A350-1000
Etihad Airways Enhances Sydney Route
Aircraft Route Development
Professor Ahmet Bolat
Turkish Airlines Chairman secures second term of IATA board
Airline Economics Airlines
STARLUX Airlines Starwalker 801
Etihad Airways signs codeshare partnership with STARLUX Airlines
Airline Economics Airlines Route Development
//

Travel Radar is the leading digital hub for all things aviation and air-travel. Discover our latest aviation news, aviation data, insight and analysis.

Discover

  • About Us
  • Contact Us
  • Careers
  • Press & PR
  • Privacy & Legal

Our Content

  • News
  • Data
  • Images
  • Jobs
  • Subscribe

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Click here to Signup!

© Travel Radar Media Ltd. 2015-2025 | ISSN #2635-0696 | Trademark #UK00003579704
wpDiscuz
adbanner
AdBlock Detected
Ads help us bring you high-quality, independent journalism for free. Support us by whitelisting us from your ad blocker.
Okay, I'll Whitelist
Welcome to the TR Community!

Sign in to your account

Register Lost your password?