Airbus To Lay Off over 13,000 Employees in Europe

The French aerospace concern Airbus will lay off about 15,000 of its employees worldwide until the end of the summer of 2021 due to the situation around the COVID-19 coronavirus pandemic, the company said in its release.

« The adoption of (response to the crisis due to COVID-19) is expected to lead to a reduction of approximately 15 thousand employees no later than the summer of 2021, » – the release reads.

Business activity in civil aviation in recent months has fallen by almost 40%, while the industry is facing an unprecedented crisis, the company said. At the same time, the volume of air transportation may return to pre-crisis levels not earlier than 2023, and possibly 2025, in connection with which the company is forced to take appropriate measures, the report said.

It is noted that the downsizing in Germany will amount to 5.1 thousand employees, in France – 5 thousand, 1.7 thousand – in the UK, 900 – in Spain, and another 1.3 thousand – in other countries of the world where the company operates.

Airbus is one of the largest aerospace and defense enterprises in the world. It consists of Airbus SAS units that produce passenger aircraft, Airbus Defense and Space and Airbus Helicopters. The number of employees as of March 31 was 136.5 thousand people.

source: reuters.com

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