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Airbus close to slashing jobs as CEO confirms 40% output drop

FILE PHOTO: The logo of Airbus is pictured at the entrance of the Airbus facility in Bouguenais
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PARIS/TOULOUSE (Reuters) - Airbus was finalising an imminent restructuring plan involving thousands of job cuts on Monday as its chief executive confirmed plans to hold output down by 40% for two years.Europe's largest planemaker is likely to set out its largest ever reorganisation by Wednesday, union sources said at the start of several days of talks as the company deals with the impact of the..
Date Published: Jun 29, 2020
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