It could have been worse, says Air­bus, as it axes 15,000

The Daily Telegraph - Business - - Busi­ness -

Faury said his com­pany’s job cuts would have been “sig­nif­i­cantly worse” if not for gov­ern­ment job re­ten­tion schemes.

“Thanks to ef­forts of [gov­ern­ments] we have avoided a level of job cuts in di­rect pro­por­tion to the im­pact [on the in­dus­try],” he said.

Al­though France and Ger­many have jobs sup­port schemes which last longer than the UK’s, which is due to be with­drawn in the au­tumn, Mr Faury de­nied that dif­fer­ent gov­ern­ment aid pack­ages had af­fected how the dis­tri­bu­tion of job losses has been de­cided.

He had pre­vi­ously warned that the UK’s shorter sup­port schemes could lead to “more per­ma­nent” jobs losses in Air­bus’s Bri­tish op­er­a­tions, and the com­pany has in the past warned of the risks that it sees Brexit pos­ing to its plants in the UK.

“We are adapt­ing to the sit­u­a­tion,” he said.

“We are look­ing at the work­load on our work­force. There is no Brexit or in­flu­ence on of any other na­ture.

“We are adapt­ing to the num­ber of wings we need to put on our planes. It is a me­chan­i­cal trans­la­tion of the work­load.”

Work­ers had been braced for bad news af­ter weeks of spec­u­la­tion about when and where the re­dun­dan­cies will fall.

“We’ve known this was com­ing for a long time and had ex­pected it to be made weeks ago, but the French and Ger­man gov­ern­ments bail­ing out their own aero­space in­dus­tries pushed it back,” said one source close to Air­bus

In early June, the Paris gov­ern­ment de­tailed a €15bn (£13.4bn) sup­port pack­age for its aero­space in­dus­try, fol­low­ing on from a sim­i­lar move by Ber­lin, fu­elling calls for UK to take sim­i­lar ac­tion.

The bulk of its UK work­ers are at its plant in Broughton, North Wales.

Guil­laume Faury, Air­bus chief ex­ec­u­tive, said that the com­pany was fac­ing its gravest ever cri­sis

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