- Title: France tells Airbus to minimise compulsory job cuts
- Date: 1st July 2020
- Summary: ROISSY-EN-FRANCE, FRANCE (FILE - JUNE 11, 2016) (REUTERS) AIR FRANCE PLANE TAXIING ON RUNWAY AIR FRANCE PLANE TAILS JET BRIDGE CONNECTING TO AIR FRANCE PLANE AIR FRANCE PLANE ON TARMAC ROISSY-EN-FRANCE, FRANCE (FILE - MAY 6, 2020) (REUTERS) AIR FRANCE PLANES ON TARMAC
- Embargoed: 15th July 2020 10:57
- Keywords: Air France Airbus Jean-Baptiste Djebbari air travel planes redundancies restructuring transport minister
- Location: PARIS, ROISSY-EN-FRANCE & BLAGNAC, FRANCE/ IN AIR
- City: PARIS, ROISSY-EN-FRANCE & BLAGNAC, FRANCE/ IN AIR
- Country: France
- Topics: Company News Markets,Economic Events
- Reuters ID: LVA005CKZ9Q9Z
- Aspect Ratio: 16:9
- Story Text: The French government urged Airbus on Wednesday (July 1) to make as few compulsory redundancies as possible after the European aircraft maker announced it was culling 15,000 posts in Europe to survive the coronavirus crisis.
Junior Transport Minister Jean-Baptiste Djebbari said the government estimated 2,000 of the planned 5,000 cuts in France could be saved through a long-term reduced-work scheme and because of government investment in next-generation green jets.
"The state urges Airbus to ensure that there are as few forced redundancies as possible," Djebbari told BFM TV. "Airbus faces a very difficult period ahead. The state stands beside Airbus, and beside Air France."
Djebbari confirmed Air France planned to shed nearly 7,600 jobs in a restructuring to be announced this week, including 1,000 at its regional unit "Hop!". The figure was presented at a company meeting on Tuesday (June 30), he said.
The French government has agreed state aid worth 7 billion euros ($7.9 billion) for Air France to soften the economic shock of the coronavirus pandemic. Djebbari also urged Air France to minimise compulsory redundancies.
The French state owns 11% of Airbus and 14.3% of Air France KLM.
(Production: Michaela Cabrera)
- Copyright Holder: FILE REUTERS (CAN SELL)
- Usage Terms/Restrictions: None