Airbus CEO: we can't guarantee no compulsory layoffs: France
PARIS (Reuters) - European planemaker Airbus will do its best to cut costs without resorting to compulsory redundancies, but it cannot guarantee they won’t happen, CEO Guillaume Faury told French radio station RTL on Tuesday.
With air travel at a fraction of its normal level due to restrictions and travellers’ fears related to the COVID-19 pandemic, airlines have slowed deliveries of new aircraft.
Airbus has said it needs to shed 15,000 posts worldwide.