The French government calls on the Airbus planemaker to limit layoffs and use the benefits of the state support for the country's coronavirus-hit aviation sector, Secretary of State to the Minister of Economy and Finance Agnes Pannier-Runacher said
MOSCOW (Pakistan Point News / Sputnik - 30th June, 2020) The French government calls on the Airbus planemaker to limit layoffs and use the benefits of the state support for the country's coronavirus-hit aviation sector, Secretary of State to the Minister of Economy and Finance Agnes Pannier-Runacher said.
"So I ask [Airbus CEO] Guillaume Faury to use all the levers of [the government's plan for the aviation industry] to avoid, limit job cuts as much as possible," Pannier-Runacher said on the BFMTV broadcaster.
Faury earlier on Monday said that Airbus would reduce its supply and product volumes by 40 percent over the two-year period and carry out thousands of job cuts amid a severe downturn in production due to the coronavirus pandemic.
Earlier in June, the French government unveiled a rescue package of 15 billion Euros (almost $17 billion) for the aviation industry. The package was put together to support such companies as Air France, Airbus and major French parts suppliers, as a series of limitations, including travel restrictions, have been in place in France since mid-March.
