Coronavirus: Plane-maker Airbus to cut 15,000 jobs

[ffr]

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.
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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

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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]

1. And they were in good shape compared to Boeing.

So there is that shoe dangling up there.

[Initech]

2. And we haven't seen the worst of it yet.

I just want it to stop.

[Steelrolled]

3. Air travel has got to be one of the worst hit industries

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]

4. Yeah so many industries are going to come back in a big way when we finally defeat this virus.

It's why the roaring twenties were called the roaring twenties.

[Steelrolled]

5. Something to look forward to!