{"id":348321,"date":"2020-04-27T09:37:24","date_gmt":"2020-04-27T04:07:24","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=348321"},"modified":"2020-04-27T09:40:59","modified_gmt":"2020-04-27T04:10:59","slug":"covid-19-impact-airbus-warns-staff-of-job-cuts-says-survival-at-stake","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/covid-19-impact-airbus-warns-staff-of-job-cuts-says-survival-at-stake\/","title":{"rendered":"Covid-19 impact: Airbus warns staff of job cuts, says &#8216;survival at stake&#8217;"},"content":{"rendered":"<p>European planemaker Airbus issued a bleak assessment of the impact of the coronavirus crisis, telling the company&#8217;s 135,000 employees to brace for potentially deeper job cuts and warning its survival is at stake without immediate action. <\/p>\n<p>In a letter to staff, Chief Executive Guillaume Faury said Airbus was &#8220;bleeding cash at an unprecedented speed&#8221; and that a recent drop of a third or more in production rates did not reflect the worst-case scenario and would be kept under review, the Reuters reported. <\/p>\n<p>Airbus said it did not comment on internal communications. <\/p>\n<p>The letter was sent to employees late on Friday, days before the company is due to give first-quarter results overshadowed by a pandemic that has left airlines struggling to survive and virtually halted jet deliveries since mid-March.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>European planemaker Airbus issued a bleak assessment of the impact of the coronavirus crisis, telling the company&#8217;s 135,000 employees to brace for potentially deeper job cuts and warning its survival is at stake without immediate action. In a letter to staff, Chief Executive Guillaume Faury said Airbus was &#8220;bleeding cash at an unprecedented speed&#8221; and that a recent drop of a third or more in production rates did not reflect the worst-case scenario and would be kept under review, the Reuters reported. Airbus said it did not comment on internal communications. The letter was sent to employees late on Friday, [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-348321","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/348321","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=348321"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/348321\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=348321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=348321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=348321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}