PARIS (Reuters) – Airbus (AIR.PA) 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.
FILE PHOTO: A general view outside the Airbus factory in Broughton, following the outbreak of the coronavirus disease (COVID-19), Britain, May 14, 2020. REUTERS/Phil Noble/File Photo
The European planemaker has so far announced output cuts of a third from its plans before the coronavirus crisis struck air travel, but some analysts have said this is optimistic.
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.
The newly introduced barometer adjusts for the different amounts of labor needed to make each type of plane.
For example, it takes 5 times as many people to build an A350 as to…
Source Reuters Tech News
Source link
