Airbus CEO warns of compulsory layoffs -letter
- Country:
- France
The chief executive of European planemaker Airbus has warned staff it may have to carry out compulsory layoffs after air travel failed to recover as quickly as anticipated from the coronavirus crisis, a letter seen by Reuters showed.
"I owe it to you to be transparent: it's unlikely that voluntary departures will be enough," CEO Guillaume Faury wrote. The letter marks a more pessimistic tone after Airbus previously said only that it could not rule out compulsory measures.
Unions and the French government have urged the Toulouse-based planemaker to avoid compulsory layoffs as it sheds up to 15,000 posts to cope with plummeting travel demand.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
- READ MORE ON:
- Airbus
- Guillaume Faury
- European
- Toulouse
- COVID-19
ALSO READ
EXCLUSIVE-Deutsche Telekom, Airbus slam plan allowing Big Tech access to EU cloud data
EXCLUSIVE-Deutsche Telekom, Airbus slam plan allowing Big Tech access to EU cloud data
Airbus in talks on China jet order ahead of Xi visit, sources say
Canada exemption for Airbus from titanium sanctions is time-limited, says source
Former JetBlue CEO Hayes to lead Airbus in North America