{"id":360753,"date":"2020-07-02T12:06:59","date_gmt":"2020-07-02T06:36:59","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=360753"},"modified":"2020-07-02T12:07:10","modified_gmt":"2020-07-02T06:37:10","slug":"airbus-to-cut-15000-jobs-to-counter-slump-due-to-covid-19-pandemic","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/airbus-to-cut-15000-jobs-to-counter-slump-due-to-covid-19-pandemic\/","title":{"rendered":"Airbus to cut 15,000 jobs to counter slump due to Covid-19 pandemic"},"content":{"rendered":"<p>Airbus on Tuesday unveiled plans to shed 15,000 jobs within a year, including 900 already earmarked in Germany, saying its future was at stake after the coronavirus outbreak paralysed air travel.<\/p>\n<p>Airbus is moving swiftly to counter damage caused by a 40% slump in its 55 billion euro ($61.8 billion) jet business following the pandemic, balancing the belt-tightening against aid offered by European governments.<\/p>\n<p>But the plane maker faces tough talks with governments as well as unions, which immediately pledged to fight compulsory redundancies. A 2008 restructuring triggered rare strikes and some protests.<\/p>\n<p>\u201cIt\u2019s going to be a mighty battle to save jobs,\u201d said Francoise Vallin of the CFE-CGC union.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Airbus on Tuesday unveiled plans to shed 15,000 jobs within a year, including 900 already earmarked in Germany, saying its future was at stake after the coronavirus outbreak paralysed air travel. Airbus is moving swiftly to counter damage caused by a 40% slump in its 55 billion euro ($61.8 billion) jet business following the pandemic, balancing the belt-tightening against aid offered by European governments. But the plane maker faces tough talks with governments as well as unions, which immediately pledged to fight compulsory redundancies. A 2008 restructuring triggered rare strikes and some protests. \u201cIt\u2019s going to be a mighty battle [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[184,141,130],"tags":[],"class_list":["post-360753","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-hindustantimes","category-hindustantimes","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/360753","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=360753"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/360753\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=360753"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=360753"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=360753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}