Aircraft
Airbus to Slash 15,000 Jobs, Cut Output by 40 percent
European airframe maker Airbus reveals latest plans to address what it calls the gravest crisis the industry has ever faced.
Airbus CEO Guillaume Faury (Photo: Airbus)
Airbus CEO Guillaume Faury (Photo: Airbus)

Airbus plans to cut 15,000 jobs by next summer in response to a 40 percent drop in its commercial aircraft business activity resulting from the Covid 19 crisis, the company said Tuesday. The European airframe maker added that it already has begun a consultation process with unions in an effort to reach agreements for implementation starting this coming autumn.