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If the market shrinks, they'll be hit just like Boeing, but there's also the current lockdown hit where Airbus has an advantage and can wait a bit more before a
by hadrien01 6y ago
If the market shrinks, they'll be hit just like Boeing, but there's also the current lockdown hit where Airbus has an advantage and can wait a bit more before announcing layoffs:
> For now, Airbus is relying on government-backed furlough schemes in France, Germany and Britain to reduce staff costs after earlier asking employees to take 10 days’ leave.
- redisman 6y agoSure but that doesn't sound like a great medium->long-term plan. I guess Boeing will get a similar bailout.
- brummm 6y agoI don't think the US has anything like furlough in Europe. Also, Boeing just fired their employees. Nothing to be done about that now.
- fragmede 6y agoI bet that Boeing will eventually get a bailout that is similarly huge in terms of dollars or euros. But I'll also bet it will be structured significantly different, with far fewer worker protections. That'll end up being better by the numbers, but there are a lot of intangibles that aren't reflected in the number on the bottom line.
- benhurmarcel 6y agoAirbus is also currently using partial unemployment (furlough) in most of its sites.