Airbus has stepped up warnings of compulsory layoffs as air travel fails to recover as quickly as expected from the coronavirus crisis, putting itself on a potential collision course with unions and the French government.
has stepped up warnings of compulsory layoffs as air travel fails to recover as quickly as expected from the coronavirus crisis, putting itself on a potential collision course with unions and the French government.
“I owe it to you to be transparent: it’s unlikely that voluntary departures will be enough,” Faury wrote in the letter distributed on Friday evening. But a disappointing rise in air travel over the summer has cast a fresh pall over the company’s biggest ever restructuring plans. The group representing most of the world’s airlines, the International Air Transport Association, said last week that air traffic had failed to recover as quickly as expected during July, a key part of the peak season for airline revenues.
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