Airbus Shedding 15,000 Jobs, Mostly in Europe

Airbus Shedding 15,000 Jobs, Mostly in Europe
Visitors at the booth of Airbus during the opening trade day of the Singapore Airshow 2020 in Singapore, on Feb. 11, 2020. Danial Hakim/AP Photo
|Updated:

PARIS—Battered by the coronavirus pandemic, European aircraft manufacturer Airbus said Tuesday that it must eliminate 15,000 jobs, mostly in Europe, to safeguard its future and warned of more thin years ahead.

“With air traffic not expected to recover to pre-COVID levels before 2023 and potentially as late as 2025, Airbus now needs to take additional measures,” the company said in a statement.