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Airbus Plans to Save Jobs by Building Hydrogen Aircraft

By July 3, 2020 < 1   min read  (179 words)

July 3, 2020 |

CEO Faury hopes for support from the German government to keep jobs.

The aircraft manufacturer Airbus hopes that the German state will support it in coping with the Corona crisis. As previously announced, Airbus plans to cut a total of 15,000 jobs by summer 2021, including 5,100 in Germany alone.

With the support of the government, there could be 2,000 fewer jobs in Germany, said CEO Guillaume Faury in the Spiegel interview. “We think that up to 500 jobs could be obtained if the federal government supported us, for example, through the program for the development of aircraft with hydrogen engines,” said the Airbus boss.

“The extension of short-time work to 24 months could additionally secure up to 1,500 jobs.”¬†Talks have already started, Faury said in the interview.

When asked whether the three Airbus owner states Germany, France, and Spain could increase their shares, Faury reacted negatively: “When the crisis started, we secured 15 billion euros on the capital market to strengthen our liquidity.” the group leader. “At the moment, we, therefore, see no reason for further government participation in corporate capital.”

Source: Reuters / STEPHANE MAHE

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