Airbus, the 135,000 employees of the airline, have asked the company to prepare for the possibility of a further job cut in light of the coronary fallout from the pandemic.
According to the Reuters news agency, the company warned that its survival was at stake if no immediate action was taken.
"Airbus is bleeding liquidity at an unprecedented speed, and the recent drop in one-third of operating rates or more does not reflect the worst scenario and will remain under review," Geum Fury, the company's chief executive, said in a speech to workers.
Airbus did not comment on the internal letter.
The letter was sent to workers on Friday, days before the company announced first-quarter results, in light of the pandemic that led airlines to struggle to survive and virtually stop aircraft deliveries since mid-March.
Airbus began implementing government-backed leave-granting programs and was beginning with 3,000 workers in France, but Fawry says now that we may need a plan for broader measures.
"Airbus will remain in doubt if we do not act now.
Industry sources said that a restructuring plan similar to what happened in 2007 when the company cut ten thousand jobs, may be launched this summer, but Fawry indicated that the company is already exploring all options while waiting for the state of demand to be clear.
People familiar with the matter said that Airbus is also conducting active discussions with European governments on the use of mechanisms to help affected industries, including loans guaranteed by the state.
