Airbus CEO warns of compulsory layoffs as airline crisis deepens – Reuters Canada

By Johanna Decorse, Tim HepherTOULOUSE, France (Reuters) – Airbus AIR.PA has stepped up warnings of compulsory layoffs as air travel fails to recover as quickly as expected from the coronavirus crisis, putting itself on a potential collision course with unions and the French government.FILE PHOTO: Airbus CEO Guillaume Faury attends Airbus’s annual press conference on…

Airbus CEO warns of compulsory layoffs as airline crisis deepens – Reuters Canada

By Johanna Decorse, Tim HepherTOULOUSE, France (Reuters) – Airbus AIR.PA has stepped up warnings of compulsory layoffs as air travel fails to recover as quickly as expected from the coronavirus crisis, putting itself on a potential collision course with unions and the French government.FILE PHOTO: Airbus CEO Guillaume Faury attends Airbus’s annual press conference on Full-Year 2019 results in Blagnac near Toulouse, France, February 13, 2020. REUTERS/Regis DuvignauThe warning in a letter to its 130,000 staff from Chief Executive Guillaume Faury, seen by Reuters, marks a more pessimistic tone from the planemaker, which had previously said only that it could not rule out compulsory measures.“I owe it to you to be transparent: it’s unlikely that voluntary departures will be enough,” Faury wrote in the letter distributed on Friday evening.Unions and the French government have urged the Toulouse-based planemaker to avoid compulsory layoffs as it sheds up to 15,000 posts to cope with plummeting travel demand.Airbus has repeatedly warned that
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