Airbus has intensified its warnings of forced layoffs in light of the failure of air travel to recover from the Coronavirus crisis.
According to Reuters, a warning in a letter from Chief Executive Geum Fawry indicated a more pessimistic tone from the aircraft manufacturer, which had previously said it could not rule out Mandatory actions.
Fawry wrote in the message distributed on Friday evening, "I owe it to you to be transparent: It is unlikely that the voluntary labor cuts will be sufficient.
The French government and trade unions have urged the company, which is headquartered in Toulouse, France, to avoid forced layoffs while dispensing with 15,000 jobs to overcome a sharp drop in Demand for air travel.
"Unfortunately," Fawry wrote in the letter saying that the recovery in air travel over the summer was not at the level the industry is counting on.
We must now be prepared for a crisis that is likely to be deeper and longer than previous scenarios indicated.
> Air travel decreased 80 percent in July compared to the same month in 2019 and after a drop of 94 percent in April.
Airbus has so far launched an internal call for voluntary departure of employees and early retirement, in a program that is expected to continue until the end of the year.
(Amazon fun knowledge)
