Airbus, the world’s biggest aircraft manufacturer, warned it may have to resort to mandatory layoffs amid broader cost-cutting measures due to the ongoing, pandemic-driven drop in demand for travel, CEO Guillaume Faury told French radio station RTL on Tuesday.
Faury said Airbus will do its best to meet cost reduction objectives without slashing staff, including voluntary redundancies, but warned there’s no guarantee this won’t happen as the outbreak of the CCP (Chinese Communist Party) virus has hit air travel with a colossal blow. With the pandemic-fueled drop in demand for air travel, airlines have slowed deliveries of new aircraft.
