Airbus confirms 15,000 redundancies 

Airbus has clarified it’s to lay-off 15,000 employees following comments in the German media by the company’s chief executive Guillaume Faury that is reducing production more than had originally been projected due to the COVID 19 pandemic. In a statement Airbus said that it expected to lay-off around 15,000 positions no later than summer 2021, saying its commercial aircraft business activity has dropped by close to 40% in recent months. The airframe maker went onto say that with air traffic not expected to recover to pre-COVID levels before 2023 and potentially as late as 2025, the firm now needed to take