Thu, 15 Nov 2018
Santo Domingo

Airbus warns of thousands of job cuts across four countries

By Sheetal Sukhija, Caribbean News
08 Mar 2018, 14:45 GMT+10

LONDON, U.K. - As the production rates of its A380 and A400M planes continue to fall, Airbus has now warned of 3,700 jobs across four of its ‘home’ countries.

The European planemaker said in a statement on Wednesday that jobs would be affected in the U.K., France, Germany and Spain.

Airbus added that from 2020, it would be producing six of the A380 superjumbo, which is the world's biggest passenger plane each year.

Further, it announced that from 2020, it would be manufacturing eight A400Ms a year, down from a projected 15 in 2018 and 11 in 2019.

It said in a statement, "Airbus is committed to managing any implications for its workforce in a responsible manner - as already successfully demonstrated on various occasions in the past. The company is confident that it will be able to propose opportunities to most of the affected employees through programmes which are ramping up."

Airbus announced last month that the latest in a series of write-offs on the troubled A400M, brought total losses on the project to over 8 billion euros.

However, the A380 has suffered from lack of demand, yet, the plane was given a boost in January, when the Emirates airline placed an order for up to 36 of the jets.

Airbus has said that the Emirates order provided "visibility to the programme for the years to come.”

It said, "At a baseline of six deliveries per year, Airbus can produce the A380 in an industrial-efficient way over the coming years.”

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