https://media2.malaymail.com/uploads/articles/2015-02/airbus1302.jpg
LUnions and the French government have urged the Toulouse-based planemaker to avoid compulsory layoffs. — AFP pic

Airbus CEO warns of compulsory layoffs, says letter

TOULOUSE, Sept 14 —  The chief executive of European planemaker Airbus has warned staff it may have to carry out compulsory layoffs after air travel failed to recover as quickly as anticipated from the coronavirus crisis, a letter seen by Reuters showed.

“I owe it to you to be transparent: it’s unlikely that voluntary departures will be enough,” CEO Guillaume Faury wrote. The letter marks a more pessimistic tone after Airbus previously said only that it could not rule out compulsory measures.

Unions and the French government have urged the Toulouse-based planemaker to avoid compulsory layoffs as it sheds up to 15,000 posts to cope with plummeting travel demand. — Reuters

Related Articles

US leaves tariffs on Airbus aircraft unchanged at 15pcWASHINGTON, Aug 13 — The US government yesterday said it would maintain 15 per cent tariffs on Airbus aircraft and 25 per cent tariffs on other European goods, despite moves by the European Union to resolve a 16-year-old dispute over aircraft subsidies. US Trade Representative Robert Lighthizer...12 Aug 2020Airbus trims A350 output, quarterly loss worse than expectedPARIS, July 31 ― Europe's Airbus announced a new cut in production of its marquee A350 jet yesterday as it swung to a larger-than-expected second-quarter loss in the face of the global pandemic. But boosting its shares, which closed up almost 2 per cent, the planemaker also said it hoped to avoid...31 Jul 2020Airbus trims A350 output, quarterly loss worse than expectedPARIS, July 30 — Europe’s Airbus announced a new cut in production of its marquee A350 jet today as it swung to a larger-than-expected second-quarter loss in the face of global pandemic. The planemaker also said it hoped to avoid consuming cash in the second half of the year after a...30 Jul 2020