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Airbus to cut 15,000 jobs to survive coronavirus crisis

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TOULOUSE : Airbus is cutting 15,000 jobs within a year, including 900 already earmarked in Germany, saying its future is at stake after the coronavirus outbreak paralysed air travel.Airbus is moving swiftly to counter damage caused by a 40% slump in its 55-billion-euro ($61.8 billion) jet business following the pandemic, balancing belt-tightening against aid offered by European governments and future priorities.But it faces tough talks with governments as well as unions, which immediately pledged to fight compulsory redundancies.

A 2008 restructuring triggered rare strikes and protests."It's going to be a mighty battle to save jobs," said Francoise Vallin of the CFE-CGC union.Europe's biggest aerospace group said it would cut 5,000 posts in.

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