More jobs could be on the line as Airbus expects production to be down 40% this year and the next due to the impact of the coronavirus pandemic.
“For the next two years, ie 2020/2021, we assume that production and deliveries will be 40% lower than originally planned,” Guillaume Faury, the chief executive of Airbus, said in an interview with Die Welt newspaper. “We are trying to coordinate the production with the handover of aircraft to the customers. Faury added that while output should be back to normal by 2025.
Airbus had announced previously that it would cut production by one-third on average. In April, Faury told employees that the company is “bleeding cash” and needs to rapidly cut costs in order to survive the impact from the coronavirus pandemic.
The company is now in talks with unions ahead of any formal announcement on job cut, which is expected at the end of July. “It’s a brutal fact, but we must do it. It is about the necessary adjustment to the massive drop in production. It’s about securing our future,” Faury told the newspaper.
With principal plants located in Germany, France, the U.K. and Spain, respective employment laws will have to be taken into account before job cuts are announced. Consequently, the company will rely partly on early retirements, with 37% of its 135,000-strong workforce due to retire in ten years.
Emirates has announced the first set of destinations to be served by its A350 aircraft entering service in September 2024.…
Ocean Infinity, has presented a new MH370 underwater search proposal to Anthony Loke, the Malaysian Minister of Transport in Kuala…
The 18th edition of Defence Services Asia this year (DSA 2024) is expected to be the biggest ever in the…
It is not a coincidence that the Turkish contingent at the show is one of the largest. The Turkish defence…
Aselsan is keen to grow its market presence in Malaysia and is participating in the ongoing DSA with a wide…
"During the DSA event, we will be holding important discussions on what we can do to strengthen the naval defence…
Turkiye’s SDT Space & Defence Technologies has brought a wide range of its products to the ongoing show. Among the…
Leonardo, which is showcasing a wide range of products at the ongoing show, has a longstanding presence in Malaysia of…
Rohde & Schwarz is displaying its turnkey mission-proven solutions to achieve full situational awareness at the ongoing show. The company is showcasing…
Belgium-based FN Herstal is showcasing its portfolio of modern small arms at the ongoing Defence Services Asia (DSA) exhibition and…
General Tan Sri Dato' Sri Mohd Asghar Khan bin Goriman Khan, Commander of the Royal Malaysian Air Force (RMAF), attended…
"We believe in combining our strengths with local expertise to innovate and produce advanced defence solutions that cater to the…
BAE Systems is showcasing a model of its T-650 heavy lift Uncrewed Air System (UAS) at the ongoing DSA. This…
BHIC Submarine Engineering Services (BSES), a subsidiary of Malaysia’s Boustead Heavy Industries Corporation (BHIC), has been authorised to expand its…
In what might appear as a step toward the announcement of the winning bid, the Commander of the Royal Malaysian…
The Philippine Navy (PN) is in the process of reviving the country’s naval shipbuilding industry, said the service’s spokesperson WPS…
AirAsia marks the beginning of the airline's first flight from Ahmedabad, India, to Kuala Lumpur, Malaysia, enhancing air links between…
BlueHalo and Kraken Technology Group are partnering to integrate BlueHalo’s Artificial Intelligence and Machine Learning (AI/ML)-backed autonomous mission systems into…
8tree’s dentCHECK inspection tool, developed for and used within the MRO sector for dent-mapping, is now being utilized at Boeing’s…
Hensoldt UK has been chosen by Navantia UK to provide key systems for the UK Royal Fleet Auxiliary’s (RFA) three…
Embraer delivered its 1800th E-Jet aircraft with the handover of third E190-E2 to Royal Jordanian Airlines at Embraer’s facility in…
Havelsan, a Turkiye software and systems company, has attained the European Union Aviation Safety Agency (EASA) Level D certification for…
ST Engineering Marine Ltd, a subsidiary of ST Engineering, has secured a contract with the Singapore Ministry of Defence for…
Airbus Helicopters has secured a contract with Brunei's Ministry of Defence for the procurement of six H145M helicopters. “We are…
Following the official launch last March, AirAsia Cambodia flew its inaugural domestic flight today, marking a major step in the…
Global passenger demand, measured in revenue passenger kilometers (RPKs), was up 13.8% in March this year compared to the same…
Exel Composites, a Finnish composites manufacturer, announced a collaboration with French airship designer and operator Flying Whales. The partnership aims…
Pratt & Whitney Canada (P&WC) and the state-owned airline of Angola, TAAG Angola Airlines E.P., have entered a six-year agreement…
Indonesia’s Ruang volcano erupted again on Tuesday (Apr. 30), leading to the cancellation of flights and closure of airports in…
Defense Technology Institute (DTI) Thailand has delivered two prototypes of the 105mm light howitzer CS/AH2 to the Artillery Battalion, Artillery…
Headquartered in Singapore with reporters spread across all major regions, GBP Aerospace & Defence is a leading media house that publishes three publications that serve the aerospace and defence sector - Asian Defence Technology, Asian Airlines & Aerospace and Daily News. Known industry-wide for quality journalism, GBP Aerospace & Defence is present at more international tradeshows and exhibitions than any other competing publication in the region.
For over three decades, our award-winning team of reporters has been producing top-notch content to help readers stay abreast of the latest developements in the field of commercial aviation, MRO, defence, and Space.
Copyright 2024. GBP. All Rights Reserved.
Home Defence & Security Space Commercial Aviation Maintence Repair & Overhaul Daily News Events About Us
2024 GBP all rights reserved.