Airbus to reduce production and cut thousands of jobs
29.06.2020,
14:15
European aircraft manufacturer Airbus will reduce its production and deliveries by around 40% over the next two years, and could cut tens of thousands of jobs in the process, Airbus senior executive Guillaume Faury said Monday in the German newspaper Die Welt.
YEREVAN, June 29. /ARKA/. European aircraft manufacturer Airbus will reduce its production and deliveries by around 40% over the next two years, and could cut tens of thousands of jobs in the process, Airbus senior executive Guillaume Faury said Monday in the German newspaper Die Welt.
“We cannot disconnect ourselves from developments among airlines,” he was quoted as saying by finmarket.ru. The company lost €481 million in the first quarter of 2020.
This reduction is expected as early as next year. The manufacturer will be building around 40 A320 aircraft per month. Many aircraft that have already been assembled are currently parked, according to Faury.
Airlines are not taking up the offer at the moment because of the coronavirus pandemic. The situation could last until 2021 before production and deliveries resume at normal levels.-0-
“We cannot disconnect ourselves from developments among airlines,” he was quoted as saying by finmarket.ru. The company lost €481 million in the first quarter of 2020.
This reduction is expected as early as next year. The manufacturer will be building around 40 A320 aircraft per month. Many aircraft that have already been assembled are currently parked, according to Faury.
Airlines are not taking up the offer at the moment because of the coronavirus pandemic. The situation could last until 2021 before production and deliveries resume at normal levels.-0-
