Airbus Executive Says Aviation Outlook Worse Than Expected

“In terms of substance, I do not see any German locations at risk at the moment,” he said.

Airbus chief executive Guillaume Faury said last month the planemaker would do its best to cut costs without resorting to compulsory redundancies, but it could not guarantee they won’t happen.

In a letter to staff in September, Faury warned that Airbus may have to carry out compulsory layoffs after air travel failed to recover from the pandemic as quickly as anticipated.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor