Edition:
India

Airbus CEO says 40% of activity has disappeared due to COVID-19 crisis


Wednesday, 1 Jul 2020 

June 30 (Reuters) - Airbus CEO Guillaume Faury ::SAYS 40% OF AIRBUS ACTIVITY HAS DISAPPEARED DUE TO CRISIS AND WILL PROBABLY TAKE A LONG TIME TO COME BACK.SAYS JOB CUTS DO NOT INCLUDE SOME 2600 REDUCTIONS ALREADY PLANNED IN DEFENCE AND SPACE BUSINESS.SAYS NOT EXTENDING TEMPORARY LABOUR CONTRACTS.SAYS GOVERNMENTS HAVE HELPED SOFTEN IMPACT OF PANDEMIC ON AEROSPACE BUSINESS.SAYS PRODUCTION RATES STILL IN THE SAME BALLPARK AS ANNOUNCED IN APRIL, THERE WILL BE FURTHER MINOR ADAPTATIONS.