Air Canada announced on Friday, May 15, a massive social plan that succeeds many restructuring plans announced by airlines around the world.
Airbus moves from saturation to short-time working
It was before Covid-19. Airbus struggled to honor an exceptional order book of 7,200 aircraft with delivery times of several years for theA320, his bestseller. Since then, the European aircraft manufacturer has abandoned the new assembly workshop he announced in Toulouse. This Monday puts on partial unemployment, for four months, 30% of its French employees. Archery, cited by the daily The world, estimates that aircraft requirements will fall by 40% to 60% in the coming years.
Air Canada to cut at least 19,000 positions
The depression that the airlines are going through, whose activity has sometimes been reduced to almost nothing (5% of flights for Air France), will certainly not be fleeting. The International Air Transport Association (IATA) does not anticipate a return to the expected traffic levels, even in the medium term.
The most recent social plan, that of Air Canada, which announced on Friday May 15 that it intends to reduce its workforce from 50% to 60% from the beginning of June. That is to say at least 19,000 jobs cut because the company does not see a return to normal for a long time.
Companies in Europe could lose $ 89 billion
British Airways, which opened the way, plans to reduce its workforce by 30%, or 12,000 positions. Lufthansa will reduce its teams by 25%. European companies will lose $ 89 billion in 2020 and could reduce the airfoil by 30%. Air France will detail in June the measures that will result from the planned 20% reduction in capacity in 2021. This will probably be more than the 4,000 retirements expected by the end of 2022.
UAE to cut 30,000 jobs
Even the Gulf companies are cutting staff numbers. According to Bloomberg, Emirates would cut 30,000 jobs (30% of the workforce). It is not impossible that one of the main American companies will go bankrupt when Washington promised $ 50 billion to the airline industry. For its part, the American manufacturer Boeing borrows $ 25 billion, but still reduces its workforce by 10% and gives up the acquisition of the Brazilian Embraer.
And the situation of aeronautical subcontractors is even more worrying because Airbus and Boeing could be tempted to recover part of the production they had delegated. This would mean the death of many companies and jeopardize the rebound capacity if orders take off in a few years.
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