{"id":374741,"date":"2020-09-23T09:24:36","date_gmt":"2020-09-23T03:54:36","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=374741"},"modified":"2020-09-23T09:45:09","modified_gmt":"2020-09-23T04:15:09","slug":"cant-guarantee-no-compulsory-layoffs-says-airbus-ceo","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cant-guarantee-no-compulsory-layoffs-says-airbus-ceo\/","title":{"rendered":"Can&#8217;t guarantee no compulsory layoffs, says Airbus CEO"},"content":{"rendered":"<p>European planemaker Airbus will do its best to cut costs without resorting to compulsory redundancies, but it cannot guarantee they won&#8217;t happen, CEO Guillaume Faury told French radio station RTL on Tuesday. <\/p>\n<p>With air travel at a fraction of its normal level due to restrictions and travellers&#8217; fears related to the Covid-19 pandemic, airlines have slowed deliveries of new aircraft. <\/p>\n<p>Airbus has said it needs to shed 15,000 posts worldwide. <\/p>\n<p>&#8220;The crisis is existential. Our life as a business is potentially at risk if we don&#8217;t take the right measures. We are taking them,&#8221; Faury said. <\/p>\n<p>&#8220;The situation is so serious, and we are faced with so much uncertainty, that I think no one can guarantee there won&#8217;t be compulsory redundancies if we&#8217;re to adapt to the situation, especially if it evolves further.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>European planemaker Airbus will do its best to cut costs without resorting to compulsory redundancies, but it cannot guarantee they won&#8217;t happen, CEO Guillaume Faury told French radio station RTL on Tuesday. With air travel at a fraction of its normal level due to restrictions and travellers&#8217; fears related to the Covid-19 pandemic, airlines have slowed deliveries of new aircraft. Airbus has said it needs to shed 15,000 posts worldwide. &#8220;The crisis is existential. Our life as a business is potentially at risk if we don&#8217;t take the right measures. We are taking them,&#8221; Faury said. &#8220;The situation is so [&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":[176,146,130],"tags":[],"class_list":["post-374741","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-deccan-herald-newspapers","category-deccan-herald-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/374741","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=374741"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/374741\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=374741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=374741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=374741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}