Apr 27, 2020

Another Covid19 Impact on Alabama


The Airbus plant in Mobile has already halted production, saying the shutdown will last till Wednesday April 29th.

 About a thousand people work at that facility.

This morning, Reuters reports:

Airbus warns staff on jobs with its 'survival at stake'

Tim Hepher


PARIS (Reuters) - European planemaker Airbus (AIR.PA) issued a bleak assessment of the impact of the coronavirus crisis, telling the company’s 135,000 employees to brace for potentially deeper job cuts and warning its survival is at stake without immediate action.
FILE PHOTO: The logo of Airbus is pictured at the aircraft builder's headquarters of Airbus in Colomiers near Toulouse, France, November 15, 2019. REUTERS/Regis Duvignau
In a letter to staff, Chief Executive Guillaume Faury said Airbus was “bleeding cash at an unprecedented speed” 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 official Airbus statement:
Business impact
On March 23rd, Airbus disclosed additional measures to support employees, customers and to safeguard business continuity. The 2020 guidance was withdrawn. Airbus maintains a strong focus on backlog management, supporting customers and securing business continuity through these unprecedented times.
We remain in close contact with our customers and suppliers and are working together to minimise the impact on their operations.

Guillaume Faury Airbus CEO video statement: click here


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1 comment:

  1. FarraderMonday, June 22, 2020 9:57:00 AM

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