airbus job cuts

"Especially when you think that's probably about a third of the workforce. "There's going to be massive knock-on effects.

I hope both the UK and Welsh governments will respond quickly to put additional support in place.". The BBC is not responsible for the content of external sites. .css-1hlxxic-PromoLink:link{color:inherit;}.css-1hlxxic-PromoLink:visited{color:#696969;}.css-1hlxxic-PromoLink:link,.css-1hlxxic-PromoLink:visited{-webkit-text-decoration:none;text-decoration:none;}.css-1hlxxic-PromoLink:link:hover,.css-1hlxxic-PromoLink:visited:hover,.css-1hlxxic-PromoLink:link:focus,.css-1hlxxic-PromoLink:visited:focus{color:#B80000;-webkit-text-decoration:underline;text-decoration:underline;}.css-1hlxxic-PromoLink:link::after,.css-1hlxxic-PromoLink:visited::after{content:'';position:absolute;top:0;right:0;bottom:0;left:0;z-index:2;}Coronavirus: 1,700 Airbus jobs threatened in UK, Broughton Airbus job losses a 'hammer blow' to the area, Coronavirus: Plane-maker Airbus to cut 15,000 jobs, Airbus settles corruption probe for €3.6bn, Biden hits new battleground, Trump blitzes Midwest. But the US company is slashing its workforce by 16,000 jobs to cut costs amid the pandemic. Airbus CEO warns staff against national rivalries amid job cuts Airbus plans to cut jobs right across its UK operation - union “The number of job cuts announced by Airbus is excessive. VideoTear gas, smashed glass and anger, Man in Speedos takes on Hadrian's Wall. After announcing 15 billion euros in loans and guarantees for the air industry last month, including 7 billion for flag carrier Air France, the French government is keen to put pressure on the companies to ensure they save as many jobs as possible. It’s 7 billion for survival, to pay salaries at the end of the month.”.

US election 2020 polls: Who is ahead - Trump or Biden? Reuters reported on June 3 that Airbus was looking to hold underlying jet output at 40% below pre-pandemic plans for two years as the basis for any restructuring.

Aerospace giant Airbus says it plans to cut 15,000 jobs as it deals with the effects of the coronavirus crisis. But the US company is slashing its workforce by 16,000 jobs to cut costs amid the pandemic.

Coronavirus: 1,700 Airbus jobs threatened in UK, Man in Speedos takes on Hadrian's Wall. Doctors expect 'Covid catastrophe' in Syria. was finalising an imminent restructuring plan involving thousands of job cuts on Monday as its chief executive confirmed plans to hold output down by 40% for two years.

In 2008, lay-offs sparked strikes and protests. Airbus refused to exclude sackings, but said it would first seek voluntary departures, early retirements and other measures. Our Standards: The Thomson Reuters Trust Principles.

One person familiar with Airbus said cuts of anything below 25,000 could be seen as conservative in the light of output plans. It is about the necessary adjustment to the massive drop in production. Political sources said Airbus seemed to have postponed the shake-up to avoid undermining the announcement in June of a French aerospace support package. VideoBeached: Can rescuers save this dolphin in time?

It said on Tuesday that production had dropped by 40% in recent months and it did not expect air traffic to get back to pre-pandemic levels until 2023 at the earliest.

Its main plants are in France, Germany, Spain and Britain.

Joe Biden blasts Donald Trump as a conman, while the president promises "economic survival". It’s about securing our future,” Faury told Die Welt, without commenting on details of any cuts. Disclaimer. TOULOUSE, France/PARIS (Reuters) - Airbus.

Some industry sources say Airbus has all but abandoned a goal of more than doubling services revenue to $10 billion this decade and transferred some staff to other roles. But industry sources say the 40% cut in underlying output, based on a weighted internal scale called “single-aisle equivalent” production, is driving the expected restructuring.

Covid deaths in Europe rise sharply - WHO, Komodo dragon photo sparks 'Jurassic Park' worries, Kazakhstan embraces Borat catchphrase 'very nice', Tear gas, smashed glass and anger. Earlier, Eluned Morgan, Wales' international relations minister, called the announcement "devastating". Airbus is expected to rely partly on early retirements, with 37% of its 135,000-strong workforce due to retire this decade. The redundancy plan targets 5,000 jobs in France and an equal number in Germany, where an additional 900 jobs are to be lost under a previous plan.

RFI is not responsible for the content of external websites. There was immediate political pushback in France, where the government of President Emmanuel Macron this month announced a 15-billion-euro support package for aviation. Like us on Facebook to see similar stories, Tropical Storm Zeta makes its way toward the US coast after slamming into Mexico as a hurricane, Trader Joe's fish recall: Gluten Free Battered Halibut recalled in 19 states over undeclared wheat, milk allergens. But he added, “minor changes can be bigger than seen in past because there is more volatility in the market.”. TOULOUSE, France/PARIS (Reuters) - Airbus AIR.PA is cutting 15,000 jobs within a year, including 900 already earmarked in Germany, saying its future is at stake after the coronavirus outbreak paralysed air travel. Sources say the discrepancy reflects different ways of measuring output on a weighted basis, rather than an immediate new cut. The factory in Broughton makes wings for the Airbus A380 - the world's largest passenger plane. PARIS/TOULOUSE (Reuters) - Airbus AIR.PA was finalising an imminent restructuring plan involving thousands of job cuts on Monday as its chief executive confirmed plans to hold output down by 40% for two years.

VideoMan in Speedos takes on Hadrian's Wall, Sacred Aboriginal tree bulldozed for highway. We expect Airbus to fully use instruments put in place by the government to reduce job cuts,” a finance ministry source said. Delyn MP Rob Roberts called Airbus "a vital part of the economy in our part of the country, and I am therefore deeply concerned for workers at the plant at Broughton, their families, and our wider community". European multinational aeronautics company Airbus, whose head office is in the French city of Toulouse, announced this week it would shed 15,000 jobs as part of post-coronavirus restructuring efforts. It is part of .css-yidnqd-InlineLink:link{color:#3F3F42;}.css-yidnqd-InlineLink:visited{color:#696969;}.css-yidnqd-InlineLink:link,.css-yidnqd-InlineLink:visited{font-weight:bolder;border-bottom:1px solid #BABABA;-webkit-text-decoration:none;text-decoration:none;}.css-yidnqd-InlineLink:link:hover,.css-yidnqd-InlineLink:visited:hover,.css-yidnqd-InlineLink:link:focus,.css-yidnqd-InlineLink:visited:focus{border-bottom-color:currentcolor;border-bottom-width:2px;color:#B80000;}@supports (text-underline-offset:0.25em){.css-yidnqd-InlineLink:link,.css-yidnqd-InlineLink:visited{border-bottom:none;-webkit-text-decoration:underline #BABABA;text-decoration:underline #BABABA;-webkit-text-decoration-thickness:1px;text-decoration-thickness:1px;-webkit-text-decoration-skip-ink:none;text-decoration-skip-ink:none;text-underline-offset:0.25em;}.css-yidnqd-InlineLink:link:hover,.css-yidnqd-InlineLink:visited:hover,.css-yidnqd-InlineLink:link:focus,.css-yidnqd-InlineLink:visited:focus{-webkit-text-decoration-color:currentcolor;text-decoration-color:currentcolor;-webkit-text-decoration-thickness:2px;text-decoration-thickness:2px;color:#B80000;}}plans to axe 15,000 jobs worldwide in response to the hit it has taken during the coronavirus pandemic. On Tuesday, EasyJet announced it had started consultations on plans to close bases at Stansted, Southend and Newcastle, with Unite saying nearly 1,300 UK crew members faced losing their jobs. The company said it would try to reduce the number of layoffs through voluntary departures, early retirement and long-term partial employment programs. Leader of the Welsh Liberal Democrats, Jane Dodds, said: "Airbus is a huge part of north Wales' economy and provides thousands of well-paid, high-skilled jobs. By Mark Thompson and Charles Riley, CNN Business. The job losses under the new plan are expected by summer 2021. Airbus, which must garner political and union support for 15,000 job cuts, has for weeks been giving mixed signals. By Julie Rimbert, Johanna Decorse, Tim Hepher. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN.

.css-8h1dth-Link{font-family:ReithSans,Helvetica,Arial,freesans,sans-serif;font-weight:700;-webkit-text-decoration:none;text-decoration:none;color:#FFFFFF;}.css-8h1dth-Link:hover,.css-8h1dth-Link:focus{-webkit-text-decoration:underline;text-decoration:underline;}Read about our approach to external linking. The latest figures do not imply any immediate new production cut after Airbus reduced output in April pending further review. London (CNN Business)Airbus will cut about 15,000 jobs, or more than 10% of its workforce, over the next 12 months as it comes to terms with a plunge in demand for new aircraft due to the travel crisis caused by the pandemic. Baroness Morgan said it was "a larger number of jobs than we feared may happen" and the Welsh Government would be "working with the UK government to make sure that we keep on pressing to see if we can get more specific support for the sector".

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