Airbus to Reduce Workforce by Around 15,000 People

Airbus has said it expects to reduce its workforce by around 15,000 employees

The company anticipates the need to cut its global workforce by approximately:

5,000 positions in France;
5,100 positions in Germany;
900 positions in Spain;
1,700 positions in the UK; and
1,300 positions at Airbus’ other worldwide sites.

These figures include the Airbus subsidiaries Stelia in France and Premium AEROTEC in Germany. However, they do not include approximately 900 positions stemming from a pre-COVID19 identified need to restructure Premium AEROTEC in Germany, which will now be implemented within the frame of this global adaptation plan.

The process is expected to begin in Autumn 2020 and finish no later than summer 2021.

“Airbus is facing the gravest crisis this industry has ever experienced,” said Airbus CEO Guillaume Faury. “The measures we have taken so far have enabled us to absorb the initial shock of this global pandemic. Now, we must ensure that we can sustain our enterprise and emerge from the crisis as a healthy, global aerospace leader, adjusting to the overwhelming challenges of our customers. To confront that reality, we must now adopt more far-reaching measures.”

The commercial aircraft business activity has dropped by close to 40% in recent months as the industry faces an unprecedented crisis created by the ongoing global COVID19 pandemic. And with air traffic not expected to recover to pre-COVID19 levels before 2023 and potentially as late as 2025, Airbus says it needs to take additional measures to reflect the post COVID19 industry outlook.

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