Name: How Covid-19 Has Forced Airbus to Downsize Its Business With 15,000 Job Cuts
Uploaded: 2020-07-14T13:00:00.000Z
Description: How Covid-19 Has Forced Airbus to Downsize Its Business With 15,000 Job Cuts

Forecasting a 40 percent cut in its commercial aviation business, European manufacturer Airbus says it has no choice but to cut 15,000 jobs at sites worldwide. CEO Guillaume Faury explained that major structural changes are necessary in response to the economic fallout from the Covid pandemic.

News about commercial airlines, including regulations, aircraft orders, safety, acquisitions, and mergers.

How Covid-19 Has Forced Airbus to Downsize Its Business With 15,000 Job Cuts

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