Airbus axes 15,000 jobs amid sector’s 'gravest crisis'
Airbus is to cut 15,000 jobs as it faces “the gravest crisis this sector has ever experienced”, Euronews reports.
The world’s largest manufacturer of aircraft is just one of a many companies to announce drastic cuts as the airline industry attempts to survive amid the coronavirus crisis, which brought much of the world’s air travel to a halt in March.
Airbus, based in the Netherlands, announced on Tuesday evening it was reducing its worldwide workforce by 11%, or 15,000 jobs.
Around 5,100 jobs will be cut in Germany, 5,000 in France, 1,700 in the United Kingdom, 900 in Spain and 1,300 at the group's other sites around the world.