Coronavirus: Plane-maker Airbus to cut 15,000 jobs
Source: BBC
Aerospace giant Airbus says it plans to cut 15,000 jobs as it deals with the effects of the coronavirus crisis.
It will cut 1,700 jobs in the UK, along with thousands more in Germany, Spain and elsewhere.
The move is subject to talks with unions which have opposed compulsory redundancies.
<snip>
These cuts were inevitable. The only question was just how severe the pain would be.
The Covid-19 pandemic has been little short of catastrophic for the airline industry. At one point in April, global air traffic was down by more than 90%.
Read more: https://www.bbc.com/news/business-53242272
It continues:
News of the cuts comes as the international aviation industry reels from the impact of the pandemic. On Tuesday, EasyJet said it would close three UK bases and cut about 2,000 staff.
And Reuters reported that Air France/KLM was targeting more than 6,500 job cuts over the next two years.
Voltaire2
(13,158 posts)So there is that shoe dangling up there.
Initech
(100,102 posts)I just want it to stop.
Steelrolled
(2,022 posts)BUT ... if we get a good vaccine and knock the virus down in a definitive way, there is going to be HUGE (HUGE) pent up demand.
Initech
(100,102 posts)It's why the roaring twenties were called the roaring twenties.