Airbus Slashes 15,000 Jobs
Biggest single cut in passenger jet business since creation will see 15% of workforce axed
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Airbus is slashing 15,000 jobs, marking the biggest single reduction in its passenger jet business since the creation of Europe's flagship aircraft maker 20 years ago.
The cuts, forced by the collapse in air travel as a result of the coronavirus pandemic, come as Guillaume Faury, chief executive, warned that he did not expect air traffic to recover to 2019 levels before 2023 and potentially as late as 2025.
The job cuts account for roughly 15 per cent of the group's 90,000 strong commercial aerospace workforce and have been carefully calibrated to avoid rivalry between unions in France and Germany.
Roughly 5,000 jobs will go in each country, with a further...