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: ‘Bleeding Cash’ Airbus to Furlough 3200 Employees
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 > ‘Bleeding Cash’ Airbus to Furlough 3200 Employees

‘Bleeding Cash’ Airbus to Furlough 3200 Employees

Travel Radar
Last updated: 30 April 2020 08:11
By Travel Radar Staff 2 Min Read
Share
©AIRBUS
SHARE

Production reduction

Just a few months ago, Airbus was struggling to build aircraft fast enough.  The Covid-19 crisis has had an enormous impact on aircraft manufacturers. The European aircraft manufacturer recently announced that it is reducing the amount of aircraft it produces by a third. Airbus is bringing production of its A320 down from 60 per month to 40, its A330s to two and the A350 to six. Chief Executive Guillaume Faury recently said the manufacturer was ‘bleeding cash at an unprecedented speed’.

©WORDLESSTECH

Furloughed

The company has announced that 3200 employees at its Broughton plant in North Wales will be furloughed on the UK governments ‘coronavirus job retention scheme’. This means the UK  government will pay up to 80% of employees salaries up to £2500, with Airbus topping this up another 5% to 10%. Airbus employs around 13,500 workers in the UK and around 135,000 worldwide. The French government has also stepped in to help Airbus by furloughing 3000 of Airbus’s French employees.

Further Cuts

Faury has said that further job cuts cannot be ruled out. He said ‘We may now need to plan for more far-reaching measures, That’s because of the sheer magnitude of this crisis and its likely duration […] The survival of Airbus is in question if we don’t act now’. There is a high chance of job cuts in the coming days as Airbus announce their first-quarter results.

Tough times ahead

This is undoubtedly a very difficult time for all of those employed in the aviation industry. The hope is that demand will return slowly and Airbus will be able to make an eventual return to full capacity but most predictions consider this to be years ahead. In the meantime, the question is surely how long governments can afford to keep paying ‘furlough’ salaries.

You Might Also Like

easyJet Soars with Eurovision Enthusiasts on Special Flight to Basel

U.S Embassy Resumes Flights After Bomb Threat Aboard Ryanair Plane at Brussels South Charleroi Airport

Qantas Announces Flights From Perth to Johannesburg and Auckland

Finnair Introduces World’s First ‘Native Order’ Booking System

ANA Updates Sign Language Badge for Deaf and Hard of Hearing Passengers

Share This Article
Facebook Twitter Email Copy Link
What’s your thoughts?
Love0
Sad0
Happy1
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 What Travel Will Look Like After COVID-19
Next Article Song Festival Site in Tallinn the Capital of Estonia Tallinn, Capital of Estonia
Leave a comment
Subscribe
Login
Notify of
guest
guest
0 Comments
Oldest
Newest Upvoted
Inline Feedbacks
View all comments

Stay Connected

FacebookLike
TwitterFollow
InstagramFollow
YoutubeSubscribe

Trending News

A SpiceJet Boeing 737-8GJ in flight
32 Airports Reopened in India After Restrictions Were Imposed
Airlines Airports Aviation Travel
Airport Radar tower
Newark International Airport Faces Flight Cuts
Airports Aviation Incidents & Accidents
Boeing 747-8. Similar to that rumoured to be gifted to Donald Trump
Qatar Rumoured to Gift 747-8 to Donald Trump
Aircraft Manufacturing
An image of Hunnu Air's new E195-E2 aircraft at Beijing Daxing Airport, China.
Hunnu Air Launches Embraer E2 Services from Mongolia to Mainland China
Aviation
Event gathering
Turkish Technic: Istanbul to become global Rolls-Royce maintenance hub
Airline Economics Aviation Manufacturing
//

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?