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Tech & Science Airbus to cut "approximately 15,000 jobs" worldwide

00:15  01 july  2020
00:15  01 july  2020 Source:   parismatch.com

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If HP cuts back about 10 percent, or approximately 4, 000 jobs , HP could hypothetically boost operating margins by 2.3 percent, Sacconaghi said. Noncritical research and development (R&D) could also be impacted, analysts suggest. HP's R&D spending is nearly US billion higher than all of its

If HP cuts back about 10 percent, or approximately 4, 000 jobs , HP could hypothetically boost operating margins by 2.3 percent, Sacconaghi said. Severance expenses averaged ,000 per person in the first half of this year, Shaw said. Massive job cuts have been more the rule than the

At Airbus, around 5,100 jobs will be cut in Germany, 5,000 in France, 1,700 in the United Kingdom, 900 in Spain and 1,300 on other group sites worldwide.

  Airbus va supprimer © AFP

Airbus will cut "approximately 15,000 jobs", or 11% of its workforce worldwide by summer 2021, without excluding dry layoffs, in order to "resize its activity in commercial aviation" face to the coronavirus crisis. About 5,100 positions will be cut in Germany, 5,000 in France, 1,700 in the United Kingdom, 900 in Spain and 1,300 on the group's other sites around the world, the European aircraft manufacturer said on Tuesday evening in a press release. Part of these redundancies affect the French subsidiary of Airbus Stelia Aerospace and the German Premium Aerotec.

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CNET News.com writes “Layoffs expected to come within a 5 percent range of the previously targeted 15 , 000 positions, with IT, sales and services among the areas particularly hit. “

In total, GM is looking to eliminate approximately 15 , 000 jobs and stop production at five factories. Around 1,500 contract workers were laid off in December 2018 Most of the remaining scheduled job cuts will take place in the following two weeks, according to GM spokesman Pat Morrissey.

"Although forced measures cannot be excluded at this stage, Airbus will work with its social partners to limit the impact of this plan by relying on all available social measures, including voluntary departures, retirement measures anticipated, as well as long-term partial unemployment for the activities which lend themselves to it ", affirms the manufacturer who intends to conclude in 2020 the discussions with the trade unions.

4952 jobs cut in France

The social plan aims to cut 14,931 jobs, including 4,952 in France (3,488 in the commercial aircraft sector and 1,464 at Stelia Aerospace), according to the CGE-CGC union for which "no forced departure of employees of the group cannot be considered ".

Airbus, which cut its production rates by more than a third in April to cope with a collapsed air transport market, is "facing the most serious crisis this sector has ever known", said Guillaume Faury, the executive chairman of Airbus, quoted in the press release.

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The reduction, explained government officials, will affect federal employees ( approximately 15 , 000 jobs ) as well as the state oil company, Petroleos Mexico continues to tighten its belt. The spending cuts initiated last year by the government of President Enrique Pena Nieto will, in 2016, lead to the

The cuts could eventually be felt in areas where the local economy depends on oil. Mr. Triepke predicted that over the next six months, the big three land drilling companies — Helmerich & Payne, Nabors Industries and Patterson-UTI Energy — are “likely to cut approximately 15 , 000 jobs out of

"The measures taken so far by the company have allowed us to absorb the initial shock of this pandemic. We must now ensure the sustainability of the company and guarantee our ability to emerge from the crisis as a global leader in the aerospace sector , while adapting to the immense challenges our customers face, "he explains, saying" determined to limit the social impact of this adaptation ".

The job cuts affect the commercial aviation branch, the largest in the group and do not concern the Airbus helicopter division or the Defense and Space branch. Faced with a difficult market, the latter already announced in February a restructuring plan providing for 2,665 job cuts.

A figure "excessive" according to the Ministry of Economy

The Ministry of Economy deemed "excessive" Tuesday the number of job cuts announced by Airbus. "We expect Airbus to make full use of the instruments put in place by the government to reduce the number of layoffs," said Bercy in a statement sent to AFP. "The aeronautics sector is facing a massive, brutal and lasting shock. It is very likely that the recovery will be gradual. We have never hidden it. We even anticipated it with the implementation of a 15 billion euros plan to support the sector ", continues the ministry.

"Nevertheless, the figure of job cuts announced by Airbus is excessive", according to the same source. "In order to reduce this number," we are thinking in particular of Corac for engineers and partial long-term activity for all employees. Airbus must also minimize forced departures, "added Bercy.

As part of the sector support plan, the Council for Civil Aeronautical Research (Corac), was entrusted in early June by the government with a budget of 1.5 billion euros to "achieve a carbon neutral aircraft in 2035".

La Halle: the Beaumanoir group's offer retained, 2,520 jobs saved .
© Provided by La Tribune With this acquisition of the "French flagship of fashion at low cost for the whole family", the Malouin group intends to "consolidate" its position on this sector. Beaumanoir, owner of Morgan, announced on Wednesday that he had been chosen by the Paris Commercial Court to take over almost all of the fashion activity of the shoe and clothing brand La Halle (Vivarte group), in recovery judicial.

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