Airbus to cut 15,000 jobs to survive coronavirus crisis

Chief Executive Guillaume Faury (pic) said the company had been left with no choice by the dire industry crisis. "It is the reality we have to face and we are trying to give a long-term perspective to Airbus," he told reporters.

TOULOUSE, France/PARIS: Airbus is cutting 15,000 jobs within a year, including 900 already earmarked in Germany, saying its future is at stake after the coronavirus outbreak paralysed air travel.

Airbus is moving swiftly to counter damage caused by a 40% slump in its 55-billion-euro (US$61.8 billion) jet business following the pandemic, balancing belt-tightening against aid offered by European governments and future priorities.