This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at https://www.bbc.co.uk/news/business-53242272
The article has changed 6 times. There is an RSS feed of changes available.
| Version 1 | Version 2 |
|---|---|
| Plane-maker Airbus to cut 15,000 jobs amid coronavirus fallout | |
| (32 minutes later) | |
| Aerospace giant Airbus says it plans to cut 15,000 jobs as it deals with the effects of the coronavirus crisis. | Aerospace giant Airbus says it plans to cut 15,000 jobs as it deals with the effects of the coronavirus crisis. |
| It will cut 1,700 jobs in the UK, along with thousands more in Germany, Spain and elsewhere. | It will cut 1,700 jobs in the UK, along with thousands more in Germany, Spain and elsewhere. |
| The move is subject to talks with unions which have opposed compulsory redundancies. | The move is subject to talks with unions which have opposed compulsory redundancies. |
| The Unite union said the Airbus announcement was "another act of industrial vandalism" against the UK aerospace sector. | |
| Some 134,000 people work for Airbus worldwide, with around a tenth of them in the UK. | Some 134,000 people work for Airbus worldwide, with around a tenth of them in the UK. |
| The firm said the UK cuts would fall only on the commercial aircraft division at its two sites at Broughton in Flintshire and Filton, Bristol. | |
| More details of the job losses and how they will break down between the two giant factories will come at the end of the week after talks with unions. | |
| However, Unite said it expected 1,116 manufacturing jobs and 611 office-based jobs to go, shrinking Airbus's UK workforce by 15%. | |
| These cuts were inevitable. The only question was just how severe the pain would be. | |
| The Covid-19 pandemic has been little short of catastrophic for the airline industry. At one point in April, global air traffic was down by more than 90%. | |
| When planes aren't flying, they aren't earning money. Yet they still need to be maintained and leasing costs or loans still need to be paid. | |
| The result? Airlines are struggling to survive and simply can't afford to take on new planes right now. And that, of course, means Airbus has had to curb production. | |
| Airbus has delayed these cuts and has made full use of support from governments. But ultimately it had little choice. | |
| The firm expects to make the cuts by summer 2021, but hopes the majority of redundancies will be voluntary or through early retirement of staff. | |
| The company warned in April that it was "bleeding cash at an unprecedented speed" as it struggled with the impact of the coronavirus crisis. |