AIRBUS has told its employees that it may not survive the coronavirus lockdown unless it cuts more jobs and accesses more financial help. In a letter to its 135,000 staff, chief executive Guillaume…
AIRBUS has told its employees that it may not survive the coronavirus lockdown unless it cuts more jobs and accesses more financial help.
In a letter to its 135,000 staff, chief executive Guillaume Faury said the company, which makes planes for major airlines, was “bleeding cash at an unprecedented speed”.Airbus has warned it may need to take action to save the businessThe letter said Airbus was considering options to help save the business, according to Reuters news agency.
Airbus has already accessed a furlough scheme in France which will help pay the wages of around 3,000 workers.But Mr Faury warned that the plane supplier may need to plan for “more far-reaching measures” to stay afloat.“The survival of Airbus is in question if we don’t act now,” he wrote.BRITAIN’s four million NHS staff are on the frontline in the battle against coronavirus.The Sun has launched an appeal to raise £1MILLION for NHS workers.
We have teamed up with NHS Charities Together in their urgent Covid-19 Appeal to ensure the money gets to exactly who needs it. The Sun is donating £50,000 and we would like YOU to help us raise a million pounds, to help THEM. No matter how little you can spare, please donate today here:Earlier this month, Airbus said it would cut the number of planes it builds by a third as travel restrictions dramatically reduce the demand for new aircraft.
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