Airbus CEO will try to reduce costs without cutting jobs
By Caoimhe Toman
Date: Tuesday 22 Sep 2020
(Sharecast News) - Airbus will attempt to cut costs without recourse to compulsory redundancies, but it cannot guarantee they won't happen, CEO Guillaume Faury told French radio station RTL on Tuesday.
Airlines have been harshly hit by the Covid-19 pandemic with air travel demand falling drastically. Companies have also slowed new aircraft deliveries.
The aerospace manufacturer is currently aiming to shed 15,000 posts worldwide, reported Reuters on Tuesday.
"The crisis is existential. Our life as a business is potentially at risk if we don't take the right measures. We are taking them," Faury said.
"The situation is so serious, and we are faced with so much uncertainty, that I think no one can guarantee there won't be compulsory redundancies if we're to adapt to the situation, especially if it evolves further."
"On the other hand, what I say clearly is that we have a lot of work to do, we will do everything we can to avoid arriving at that point," he told the radio station.
"There are lots of measures we can take between voluntary redundancies and compulsory redundancies."
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