European aircraft manufacturer Airbus has announced that it will cut approximately 15,000 jobs in response to the Coronavirus crisis.
“Airbus is facing the gravest crisis this industry has ever experienced,” said Airbus CEO Guillaume Faury. Air traffic is not expected to recover to pre-crisis levels before 2023. Therefore, job reductions are unavoidable for the company.
Germany and France are the most affected countries with approximately 5,000 job cuts in each country. In Spain, 900 positions are expected to be cut, whereas 1,700 reductions are planned at Airbus sites in the United Kingdom. Furthermore, 1,300 jobs are affected at other worldwide sites of Airbus. The subsidiaries Stelia and Premium Aerotec are also included in the workforce reduction with approximately 900 positions.
The job reductions will be finalised with social partners. According to Airbus, all available social measures, including voluntary lay-offs or early retirement, will be utilised.
Airbus is not the first manufacturing company in the aviation sector that has to announce major workforce reductions. In May, engine maker Rolls-Royce announced a proposal to cut at least 9,000 jobs. Also, rival company Boeing will axe almost 7,000 jobs in the United States.
Nick Wenzel founded International Flight Network in 2016. He is the Social Media Manager and an Editor for IFN.news.