Airbus Agreement to Avoid Redundancies

Berlin, March 4 (AFP/APP): European aircraft maker Airbus has reached an agreement to avoid thousands of forced redundancies in Germany as it reels from the coronavirus pandemic, the German metalworkers’ union IG Metall said Thursday.

Airbus had previously announced plans to slash around 5,100 posts in Europe’s biggest economy. But the deal means there will be no one forced to leave the company until the end of 2023.

Rather, the cuts will be achieved through voluntary redundancies and hours reductions, the union said. “The threatened layoffs are no longer on the table,” said IG Metall regional director Daniel Friedrich in a statement.

He added that a “months-long marathon of negotiations” had ended with a decision in favour of “intelligent solutions rather than layoffs”. The negotiated solution is based on a combination of voluntary redundancies, relocating workers and reduced hours.

It includes the extension of the shorter hours furlough scheme until the end of 2021.

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