Saturday, December 06, 2025 | 02:23 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Airbus exploring restructuring plans, job cuts due to Covid-19: Report

For now, Airbus is relying on government-backed furlough schemes in France, Germany and Britain to reduce staff costs after earlier asking employees to take 10 days' leave

Airbus
premium

One insider said any restructuring plan would involve forced redundancies and cutbacks were expected to be deep, though others cautioned it was too early to talk of specific numbers.

Reuters France
Airbus is exploring restructuring plans involving the possibility of "deep" job cuts as it braces for a prolonged coronavirus crisis after furloughing thousands of workers, industry sources said, though no decision is imminent.

Europe's largest aerospace group has not ruled out layoffs while signalling that no decisions will be made before the summer. But a global airline crisis has gathered speed in recent weeks, with carriers and suppliers pleading for help.

Chief Executive Guillaume Faury is expected to update managers on Thursday after warning staff last month that the firm's survival was at stake due to a slump in demand.