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9/14/2020, 2:51 PM (Source: TeleTrader)
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Airbus CEO: Voluntary departures not enough

It seems like voluntary departures from Airbus will not be enough to help the company recover from the impact of the coronavirus, CEO Guillaume Faury said in a letter to employees on Monday.

Faury stressed that the recovery in aviation over the summer didn't meet expectations. He added: "We must therefore prepare for a crisis that is probably deeper and longer than previous scenarios suggested." Airbus shares were up 3.31% at 2:35 pm CET.

Earlier this summer, Airbus said that it is planning on cutting 15,000 jobs while the French government said that it would prefer voluntary departures.

Breaking the News / VP