Transportation • Air Transportation & Traffic, Flying

Airbus to cut 15,000 jobs as pandemic causes plunge in demand

In a statement released on Tuesday, Airbus announced it would be cutting around 15,000 jobs over the next twelve months as the company experiences a plunge in demand for new aircraft. The European Aerospace corporation has production facilities in Spain, the UK and Germany and employs over 134,000 people globally.

"Airbus is grateful for the government support that has enabled the company to limit these necessary adaptation measures," the statement read. "However with air traffic not expected to recover to pre-Covid levels before 2023 and potentially as late as 2025, Airbus now needs to take additional measures to reflect the post Covid-19 industry outlook."

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Card reviewed by: @ericof