Airbus to Avoid Compulsory Layoffs but Can't Guarantee it Won't Happen

Published September 23rd, 2020 - 06:05 GMT
Airbus to Avoid Compulsory Layoffs but Can't Guarantee it Won't Happen
In a letter sent to staff this month, Faury warned them the planemaker may have to carry out compulsory layoffs after air travel failed to recover from the pandemic as quickly as anticipated. (Shutterstock)
Highlights
Airbus has said it needs to shed 15,000 posts worldwide.

European planemaker Airbus will do its best to cut costs without resorting to compulsory redundancies, but it cannot guarantee they won’t happen.

With air travel at a fraction of its normal level due to restrictions and travelers’ fears related to the COVID-19 pandemic, airlines have slowed deliveries of new aircraft, CEO Guillaume Faury said to French radio station RTL on Tuesday, Reuters reported.

Airbus has said it needs to shed 15,000 posts worldwide.

“The crisis is existential. Our life as a business is potentially at risk if we don’t take the right measures. We are taking them,” Faury said.

“The situation is so serious, and we are faced with so much uncertainty, that I think no one can guarantee there won’t be compulsory redundancies if we’re to adapt to the situation, especially if it evolves further.”

“On the other hand, what I say clearly is that we have a lot of work to do, we will do everything we can to avoid arriving at that point,” he said.

“There are lots of measures we can take between voluntary redundancies and compulsory redundancies.”

In a letter sent to staff this month, Faury warned them the planemaker may have to carry out compulsory layoffs after air travel failed to recover from the pandemic as quickly as anticipated.


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