Airbus, Europe's biggest aerospace group, is planning to cut 15,000 jobs worldwide in a major restructuring move to ride out the Covid-19 pandemic that has sapped air travel demand.
The Toulouse-based plane maker will axe 11 per cent of its global workforce by summer of 2021 in response to the coronavirus crisis, Airbus said in a statement on June 30. The company will reduce its production output by 40 per cent in line with a slump in demand for jets.
“The crisis the aviation sector is facing will be of a length and magnitude that calls for more structural and wide-ranging actions,” Guillaume Faury, Airbus chief executive, said. “We need to act now by adapting our workforce to reflect the new situation in the commercial aircraft sector and protect the longer-term future of our company.”
Airbus, which has about 135,000 employees globally, will cut 5,000 jobs in France and 5,100 positions in Germany, two of its main bases. It will also eliminate 900 positions in Spain, 1,700 in the UK and 1,300 positions at its other sites around the world.
The plane maker said it needed to take these measures to reflect the post-Covid-19 outlook where air traffic is not expected to recover before 2023 and could take up to 2025 to reach pre-virus levels.
Airlines and their employees have felt the hit from the travel slump while plane makers and engine-makers have seen business decline, prompting them to cut costs and preserve cash.
Airbus' US rival Boeing is in a similar situation and said in April it would reduce its workforce by about 10 per cent, or about 16,000 jobs, to preserve cash.
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Starring: Ramy Youssef, Steve Carell, Jason Schwartzman
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UAE currency: the story behind the money in your pockets
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
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Tearful appearance
Chancellor Rachel Reeves set markets on edge as she appeared visibly distraught in parliament on Wednesday.
Legislative setbacks for the government have blown a new hole in the budgetary calculations at a time when the deficit is stubbornly large and the economy is struggling to grow.
She appeared with Keir Starmer on Thursday and the pair embraced, but he had failed to give her his backing as she cried a day earlier.
A spokesman said her upset demeanour was due to a personal matter.
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Dates for the diary
To mark Bodytree’s 10th anniversary, the coming season will be filled with celebratory activities:
- September 21 Anyone interested in becoming a certified yoga instructor can sign up for a 250-hour course in Yoga Teacher Training with Jacquelene Sadek. It begins on September 21 and will take place over the course of six weekends.
- October 18 to 21 International yoga instructor, Yogi Nora, will be visiting Bodytree and offering classes.
- October 26 to November 4 International pilates instructor Courtney Miller will be on hand at the studio, offering classes.
- November 9 Bodytree is hosting a party to celebrate turning 10, and everyone is invited. Expect a day full of free classes on the grounds of the studio.
- December 11 Yogeswari, an advanced certified Jivamukti teacher, will be visiting the studio.
- February 2, 2018 Bodytree will host its 4th annual yoga market.
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The jiu-jitsu men’s team: Faisal Al Ketbi, Zayed Al Kaabi, Yahia Al Hammadi, Taleb Al Kirbi, Obaid Al Nuaimi, Omar Al Fadhli, Zayed Al Mansoori, Saeed Al Mazroui, Ibrahim Al Hosani, Mohammed Al Qubaisi, Salem Al Suwaidi, Khalfan Belhol, Saood Al Hammadi.
Women’s team: Mouza Al Shamsi, Wadeema Al Yafei, Reem Al Hashmi, Mahra Al Hanaei, Bashayer Al Matrooshi, Hessa Thani, Salwa Al Ali.
