The company plans to shed 5,000 workers in France | Photo: Reuters
European aircraft manufacturer Airbus
says it plans to shed 15,000 jobs over the next year, mostly in Europe, as it struggles with the financial hit of the coronavirus
With air traffic not expected to recover to pre-Covid levels before 2023 and potentially as late as 2025, Airbus
now needs to take additional measures, the company said in a statement.
It plans to shed 5,000 workers in France, 5,100 in Germany, 1,700 in Britain, 900 in Spain and 1,300 others at Airbus