Airbus hints at compromise on job cuts in exchange for govt-funded schemes

Topics Coronavirus | Airbus | job cuts

Europe's Airbus left the door open on Wednesday to scaling back its planned 15,000 job cuts in exchange for government-funded labour schemes and research, as its coronavirus restructuring stoked political and union alarm. Europe's largest aerospace group plans to cut 11% of its global workforce, after a 40% slump in its 55 billion euro ($61.

8 billion) jet business, sparking anxiety about compulsory redundancies in France, Germany, Spain and Britain. France urged Airbus to make as few forced layoffs as possible, while French.

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