Due to the continual increase in corona virus infection, the aviation industry is deteriorated again and travel restrictions are renewed. Michael Schoellhorn, Airbus Chief Operating officer said on Saturday, “The outlook for the aviation industry has deteriorated again due to rising coronavirus infections and renewed travel restrictions”.
With the passengers fear to travel, air travel lessen down to a small fraction of previous days, airlines slowed delivering the new aircraft. Airbus has announced a layoff of 15,000 employees worldwide. Schoellhorn in an interview said the situation in early autumn was worse than the company’s expectation in the summer and adds that 15000 layoff would be the minimum. Some of the Airbus factories were already underutilized in the pre-pandemic period the employee unions’ fears of shutting down the entire locations. Schoellhorn ruled out this move for Germany, as he said, “In terms of substance, I do not see any German locations at risk at the moment”. Last month Airbus Chief Executive Guillaume Faury said, “The Planemaker would do its best to cut costs without resorting to compulsory redundancies, but it could not guarantee they won’t happen”.
In the month of September a letter was send to the staff carrying a warning message. The message conveyed is about compulsory layoff after the failure in air travel recovery from the pandemic in expected time. The industry will be of the normal form once the fear of Pandemic gets relived and the economy blooms as normal.
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