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Airbus will cut production of aircraft by 40%

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the Exact number of jobs that will be cut, General Director of the aircraft manufacturer was not named, it will be known until the end of July.

Airbus will cut production of aircraft by 40%

Production of the Airbus over the next two years will remain 40% lower compared with pre-crisis plans, said CEO of Airbus (Airbus) in comments published on Monday, highlighting an additional threat to jobs in the largest European aircraft construction company.

"over the next two years - 2020/21 - we assume that production and supply will be 40% lower than originally planned," said Guillaume Fori newspaper Die Welt, saying that perhaps by 2025, the production of the aircraft will return to normal.

Airbus still claimed that reducing production on average by one third.

Industry sources reported that the main reduction in production capacity by 40% is expected to lead to a widely expected restructuring of the workforce of the company, the details of which Airbus promised to announce by the end of July.

Sources predict a gradual reduction from 14,000 to 20,000 jobs, depending on the planned production figures.

In connection with the pandemic Airbus in the first quarter of this year, lost to 481 million euros of profit. 2019 has also resulted in concern loss, but they were associated with the benefits of a corruption scandal. Airbus concluded with the authorities of France, UK and USA settlement agreement a record penalty of almost 3.6 billion euros. Most of this amount is 2.1 billion - was awarded to France once 984 million euros in the UK and 535 million euros, the USA. In the framework of agreements was signed agreement for deferred prosecution.

As pointed out in the British Service against large financial frauds (SFO), the decision on payment was made after almost four years after the Agency launched an investigation on suspicion of using the European group of corrupt schemes in the sale of aircraft to a number of countries. According to London, Airbus has engaged outside consultants to bribe customers to buy it for civil and military aircraft. It was about the divisions of the Corporation in Sri Lanka, Malaysia, Indonesia, Ghana and Taiwan.

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