PARIS, May 14 — Planemaker Airbus has told senior staff the company must be “resized” in plans to be set out by around end-June and is ready to cut jet production again to tackle any second wave of the coronavirus crisis, people briefed on the matter said. Chief Executive Guillaume Faury told...
Thursday, 14 May 2020 10:36 PM MYT
Chief Executive Guillaume Faury told Airbus bosses to “face reality” in a briefing today on the crisis, which has idled an estimated 14,000 jetliners or two thirds of the global fleet and left manufacturers and airlines battling to save cash. The warning by one of Europe’s largest industrial employers comes amid speculation of thousands of restructuring job losses.
Yesterday, industry sources said Airbus was exploring restructuring with potentially deep job cuts after furloughing thousands of staff, but no decision was imminent.
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