Worldwide – The main carrier for notable airlines around the world had just decided to cut around 15,000 jobs amidst the COVID-19 that has targeted multiple countries spanning from the U.K to Spain and other branches.
Airbus has cited that they need to turn many employees redundant to survive the failing market despite many of their employees being part of a union such as Unite.
“Another act of industrial vandalism” said the Unite union describing the sudden cutting of jobs amidst the crisis that has already forced UK’s women to have difficulty purchasing simple amenities like sanitary pads.
Around 134, 000 employees work for the airplane business manufacturing titan Airbus putting many people who must be sent home into a hard dilemma as their unions work on how to save their jobs or fix how the distribution will be handled.
An estimated 15% of their workforce in the UK. jobs alone will be expected to be let go amounting to 1,116 manufacturing roles and 611 office jobs stated Unite.
The COVID-19 pandemic has caused many parts of the world market to crash or liquidate as no planes are allowed to fly which sets a whole domino effect from the airlines not getting money to the airplane manufacturers having no repairs or need to make new ones.
Costs of maintaining planes is high even when the season offers no way to get any ROI from contract transitions which places danger on the airline industry by a high margin of %90.
In order to survive and not be tempted into fully liquidating their assets, Airbus has chosen instead to stop production and put up a few planes for sale.
The jobs would mostly be targeted redundancies which would eventually lead to retirement plans as the company is a grave crisis where it is hemorrhaging money at an unprecedented rate.
“Now, we must ensure that we can sustain our enterprise and emerge from the crisis as a healthy, global aerospace leader, adjusting to the overwhelming challenges of our customers” said Jim McMahon, Labor’s shadow transport secretary
He is calling for more government support as they try to combat the sudden loss of jobs that would displace thousands of employees who would be lost in the uncertain times of the marketplace during the COVID-19 season that has yet to be resolved by any government in the world.
