Airbus warns it is 'bleeding cash' and may need more job cuts
Plane maker’s staff told it needs to take immediate action to survive coronavirus lockdown
Airbus has warned its 135,000 employees that it may not survive the coronavirus lockdown unless it takes immediate action that may involve deeper job cuts.
Its chief executive, Guillaume Faury, told staff in a letter on Friday that the plane maker was “bleeding cash at an unprecedented speed”, and was considering all options as it waited to see how badly demand would be affected by the Covid-19 outbreak.
Continue reading...https://ift.tt/2XznIZk
from World news | The Guardian
No comments: