TOULOUSE, France: The head of European planemaker Airbus has warned staff of compulsory layoffs as air travel fails to recover as quickly as expected from the coronavirus crisis.
The threat of compulsory redundancies risks friction with unions and the French government, which have urged the Toulouse-based planemaker to avoid compulsory layoffs as it sheds up to 15,000 posts to cope with plummeting travel demand. "Unfortunately, the recovery in airline traffic over the summer period has not been at the level the industry was counting on," Faury wrote."We must now prepare for a crisis that will probably be even deeper and longer than the previous scenarios suggested".
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