Airbus To Lay Off Workers Without Compensation To Save Itself
Guillaume Fori, CEO of one of the world's largest aircraft manufacturers Airbus, said on RTL radio that the company might need to carry out forced layoffs of employees. He noted that such actions on the part of the employer are due to the rescue of the concern, which is experiencing an "existential crisis."
The head of the aviation giant noted that after the summer holidays, the aircraft manufacturer was in an even more difficult situation due to the COVID-19 pandemic than management had previously expected.
In July this year, Airbus has already announced its intention to cut 15 thousand of its employees worldwide. Now the head of the company noted that "it is very difficult to rely only on the voluntary departure" of employees. That is due to the fact that some employees will be dismissed without compensation: if you make payments to all, the existence of Airbus will be at risk.
The brand plans that in the 2020-2021 financial year, production and supply volumes will be reduced by 40% if this is agreed with customers.
Experts believe that after the situation stabilizes, the world's civil aviation will lose two of the largest new Airliners. We are talking about the Airbus A380 and Boeing 747-400.
Airbus was formed in the 1960s by the merger of several European manufacturers. It develops and manufactures passenger, cargo, and military transport aircraft under the Airbus brand. The company is headquartered in Blagnac (a suburb of Toulouse, France).