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.
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