Airbus to announce restructuring on Tuesday, union sources say By Reuters

© Reuters. FILE PHOTO: The logo of Airbus is pictured at the entrance of the Airbus facility in Bouguenais

TOULOUSE (Reuters) – Airbus (PA:) will announce restructuring plans expected to include thousands of job cuts later on Tuesday after markets close, union sources said.

Airbus, which has said it will announce its next steps by end-July, declined to comment.

Reuters reported on Monday the plan to shrink operations and staff in response to the coronavirus crisis was imminent.

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