AIRBUS TO CUT 15,000 JOBS, 1,700 IN UK
Aerospace giant Airbus has announced that it is cutting 15,000 jobs worldwide, with 1,700 Brits set to lose employment.
In a statement, the firm said it could take five years to recover from the effects of coronavirus.
A spokesperson said: “The commercial aircraft business activity has dropped by close to 40% in recent months as the industry faces an unprecedented crisis.
“Commercial aircraft production rates have been adapted accordingly. Airbus is grateful for the government support that has enabled the Company to limit these necessary adaptation measures.
“However with air traffic not expected to recover to pre-COVID levels before 2023 and potentially as late as 2025, Airbus now needs to take additional measures to reflect the post COVID-19 industry outlook.”
Germany and France will both see 5,000 job cuts as part of the move.