Airbus is looking to hold underlying jet output at 40% below pre-pandemic plans for two years, an approach which adds new pressure to cut thousands of jobs, industry sources said.
) is looking to hold underlying jet output at 40% below pre-pandemic plans for two years, an approach which adds new pressure to cut thousands of jobs, industry sources said.
Airbus, after adjusting for different levels of labor intensity, has now calculated that its “single-aisle equivalent” production rate, which is likely to drive decisions on staffing, will be down 40% for two years, the sources told Reuters. Since production is dominated by the single-aisle A320, that is the lens through which Airbus will make resource decisions.
Airbus, which has previously only cut about half its costs through job losses, could also divide the shake-up into two or more separate stages to gauge the speed of recovery in air travel from the crisis, the sources added.
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