Aircraft manufacturer Airbus plans to cut 15,000 jobs worldwide

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The aircraft manufacturer Airbus plans to cut 15,000 jobs by the summer of 2021 in the face of the corona crisis. Airbus announced Tuesday night that this was necessary to ensure the future of the company. The company initially informed the works councils at a meeting lasting several hours. Operational layoffs cannot currently be ruled out, according to Group CEO Guillaume Faury, but he wants to resort to all possible measures, including early retirement, voluntary retirement and part-time work.

Airbus, like the rest of the industry, is in crisis mode, according to Faury, “the worst crisis this industry has ever experienced. The measures we have taken so far have enabled us to intercept the initial shock of the pandemic.” Now it is a matter of emerging from the crisis as a healthy company and at the same time adapting to the “overwhelming challenges” of customers.

5100 jobs in Germany are affected

Airbus employs around 134,000 people worldwide, including around 50,000 in Germany. The plans now include cutting around 5,100 jobs in Germany, 5,000 in France, 1,700 in England, 900 in Spain and 1,300 in other locations worldwide. In Germany, 900 jobs will be added to the premium aerotec supplier in Augsburg, but this was planned for other reasons even before the Covid 19 crisis.

The company had already announced in April that it would reduce production by around a third on average. Measured against the previously planned growth from 2021, for which preparations have been underway for a long time, the decline is even around 40 percent. Airbus CEO Faury assumes that air traffic will return to the old level of 2019 at the earliest in 2023, but only later in some segments.

The production rate for the short and medium-haul aircraft of the A320neo series is expected to remain at 40 aircraft per month until at least the end of 2021. At the end of 2019, Airbus produced 60 units per month and actually wanted to increase it to 63 in 2021 and up to 67 in the following years. But even the 40 are significantly more than customers are currently willing to buy. In May Airbus delivered only 18 of the series.

Production of the A380 is discontinued entirely

The group consciously accepts that it will take a while to produce some of the machines in stockpile because it is much more difficult to start up from an extremely low level in its own factories, but above all because there is concern that key suppliers will come into the plant at even lower production rates To drive bankruptcy.

Airbus has also reduced the cadences for long-haul aircraft. Instead of between nine and ten A350s, the manufacturer now only builds six per month, plus around two A330 / A330neo, of which he previously delivered between three and four per month.

Production of the A380 will be discontinued entirely, and the last aircraft will be delivered to Emirates in 2021. CEO Faury assumes that the long-haul market will take much longer to recover. Even before the Covid 19 pandemic, the demand for large space machines was weak.

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An employee in front of an Airbus plant in Bouguenais, France.

The European company is responding to the slump in demand due to the slump in air traffic worldwide. The German locations in particular are making the cuts.

The aircraft manufacturer Airbus plans to cut 15,000 jobs by the summer of 2021 in the face of the corona crisis. Airbus announced Tuesday night that this was necessary to ensure the future of the company. The company initially informed the works councils at a meeting lasting several hours. Operational layoffs cannot currently be ruled out, according to Group CEO Guillaume Faury, but he wants to resort to all possible measures, including early retirement, voluntary retirement and part-time work.

Airbus, like the rest of the industry, is in crisis mode, according to Faury, “the worst crisis this industry has ever experienced. The measures we have taken so far have enabled us to intercept the initial shock of the pandemic.” Now it is a matter of emerging from the crisis as a healthy company and at the same time adapting to the “overwhelming challenges” of customers.

Airbus employs around 134,000 people worldwide, including around 50,000 in Germany. The plans now include cutting around 5,100 jobs in Germany, 5,000 in France, 1,700 in England, 900 in Spain and 1,300 in other locations worldwide. In Germany, 900 jobs will be added to the premium aerotec supplier in Augsburg, but this was planned for other reasons even before the Covid 19 crisis.

The company had already announced in April that it would reduce production by around a third on average. Measured against the previously planned growth from 2021, for which preparations have been underway for a long time, the decline is even around 40 percent. Airbus CEO Faury assumes that air traffic will return to the old level of 2019 at the earliest in 2023, but only later in some segments.

The production rate for the short and medium-haul aircraft of the A320neo series is expected to remain at 40 aircraft per month until at least the end of 2021. At the end of 2019, Airbus produced 60 units per month and actually wanted to increase it to 63 in 2021 and up to 67 in the following years. But even the 40 are significantly more than customers are currently willing to buy. In May Airbus delivered only 18 of the series.

The group consciously accepts that it will take a while to produce some of the machines in stockpile because it is much more difficult to start up from an extremely low level in its own factories, but above all because there is concern that key suppliers will come into the plant at even lower production rates To drive bankruptcy.

Airbus has also reduced the cadences for long-haul aircraft. Instead of between nine and ten A350s, the manufacturer now only builds six per month, plus around two A330 / A330neo, of which he previously delivered between three and four per month.

Production of the A380 will be discontinued entirely, and the last aircraft will be delivered to Emirates in 2021. CEO Faury assumes that the long-haul market will take much longer to recover. Even before the Covid 19 pandemic, the demand for large space machines was weak.

The situation was last as bad as it was during the global financial crisis a good ten years ago. But this is by no means only due to the corona virus.

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