Airbus set to cut 10K jobs amid travel halt - report

Wednesday, 13. May 2020 18:32

Airbus SE could slash over 10,000 jobs as part of its measures of reducing operating costs amid the coronavirus-related halt in air travel, The Daily Telegraph reported on Wednesday.

A senior source insisted job cuts will be "imminent and savage," adding that expectations are similar to Boeing's 10% workforce cut.

A final decision is set to be announced after a high-level conference call of Airbus executives which is scheduled for next week.

Related Links: Airbus SE
Author:
Breaking the News / ND