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AIR Airbus SE

154.34
0.76 (0.49%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Airbus SE EU:AIR Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.76 0.49% 154.34 154.00 155.52 155.52 153.46 154.12 698,663 16:40:00

French Government Asks Airbus to Avoid Compulsory Layoffs

23/07/2020 11:54am

Dow Jones News


Airbus (EU:AIR)
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By Olivia Bugault

 

The French government has asked Airbus SE to avoid any compulsory layoffs as part of its restructuring plan, Agnes Pannier-Runacher, a French junior economy minister, said Thursday on France's BFM TV.

"What we are asking to Airbus is to have a target of zero compulsory layoffs," Ms. Pannier-Runacher said, noting that this is a target and not a requirement from the government.

The European plane maker announced the biggest restructuring plan in its history in late June as the coronavirus crisis triggered a collapse in air travel. The 15,000 job cuts planned by Airbus across its commercial aircraft division include 5,000 jobs in France.

 

Write to Olivia Bugault at olivia.bugault@wsj.com

-0- 

(END) Dow Jones Newswires

July 23, 2020 06:39 ET (10:39 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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