Tough Times Continue to Plague The Aviation/Aerospace Industry

Airbus is confirming plans to 'adapt its global workforce and resize its commercial aircraft activity' in response to the COVID-19 crisis. That's a polite way to say that a lot of staffers are about to lose their jobs. This is expected to result in a reduction of around 15,000 positions by summer 2021.

Airbus reports that the commercial aircraft business activity has dropped by close to 40% in recent months as the industry faces an unprecedented crisis. Commercial aircraft production rates have been adapted accordingly. Airbus is grateful for the government support that has enabled the Company to limit these necessary adaptation measures. However with air traffic not expected to recover to pre-COVID levels before 2023 and potentially as late as 2025, Airbus now needs to take additional measures to reflect the post COVID-19 industry outlook.
 
Following the in-depth analysis of customer demand that has taken place over recent months, Airbus anticipates the need to adapt its global workforce due to COVID-19 by approximately: 

• 5,000 positions in France
• 5,100 positions in Germany
• 900 positions in Spain
• 1,700 positions in the UK
• 1,300 positions at Airbus' other worldwide sites

These figures include the Airbus subsidiaries Stelia in France and Premium AEROTEC in Germany. However, they do not include approximately 900 positions stemming from a pre-COVID-19 identified need to restructure Premium AEROTEC in Germany, which will now be implemented within the frame of this global adaptation plan.

FMI: www.airbus.com