Airbus sees output down 40% for two years as job cuts loom
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PARIS/TOULOUSE (Reuters) - Airbus plane output will be 40% lower for two years compared to pre-crisis plans, its chief executive said in remarks published on Monday, underscoring the threat to jobs as it draws up rapid restructuring plans due to a travel slump.Reuters reported on June 3 that Airbus was looking to hold underlying jet output at 40% below pre-coronavirus pandemic plans for two years as the basis for the restructuring. "For the next two years - 2020/21 - we assume that..