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Rhys McCarthy

Rhys McCarthy latest

Airbus to Furlough 3,200 Staff in Bid to Stem Cash Burn
April 28th, 2020 - 10:30 GMT

Airbus to Furlough 3,200 Staff in Bid to Stem Cash Burn

Thousands of UK jobs could be at risk after Airbus warned it is 'bleeding cash' and may not survive the coronavirus crisis. Chief executive Guillaume Faury told the plane maker's 135,000 staff to brace for a major shake-up and potentially sweeping job cuts to slash costs. The stark warning throws into doubt the future of the firm's 13,500- strong workforce in the UK, where it makes the wings for its ...
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