Germany can prevent job losses by supporting Airbus: CEO to Spiegel

BERLIN (Reuters) - Airbus could save 2,000 of the 5,100 jobs it is due to cut in Germany if the government helps it by extending a short-time work programme and supporting its research into hydrogen-fueled propulsion, its boss told Spiegel magazine.

"We think that up to 500 jobs could be saved if the government supported us for example our programme to develop hydrogen-powered aircraft," Guillaume Faury told the magazine on Thursday.

Extending to 24 months a government programme designed to stem job losses by putting employees on shorter working hours, with the government partially compensating for lost salary, could save a further 1,500 jobs, he added.

Talks were already underway to that end, he said.

(Reporting by Thomas Escritt; Editing by Edward Taylor)

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Honda plans to invest $2.5 billion to build hybrid vehicle plant in Ohio, Nikkei says
• Top dairy exporter Fonterra flags El Niño risks to milk supply
• SoftBank issues $11.1 billion in bonds in OpenAI financing push