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    Airbus Announces Job Cuts Amid Massive Dip In Aircraft Orders

    The European passenger-jet maker says it plans to cut 15,000 jobs amid a 40% drop in its business since the start of the coronavirus pandemic.
    by Scott Neuman Jun 30, 2020 1 minute
    An Airbus aircraft of the German airline Lufthansa is parked at the Franz-Josef-Strauss airport in Munich, Germany, earlier this month.

    European passenger-jet maker Airbus announced Tuesday that it will cut 15,000 jobs over the next year, as the airline industry faces unprecedented losses due to the COVID-19 pandemic.

    Airbus, which employs about 135,000 people worldwide, has seen a 40%

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