The virus damage to jobs around the world
Paris (AFP) - The coronavirus pandemic is shaking entire sections of the global economy, including air, automotive, distribution, energy and leisure, where Disney has just announced 28,000 job cuts .
The big social plans are only the emerging part of the crisis.The pandemic is also putting a multitude of small businesses in difficulty and silently destroying many precarious jobs.
- Turbulence in the air -
Two large Latin American companies, the Brazilian-Brazilian LATAM and the Colombian Avianca, filed for bankruptcy protection in May.Smaller companies, such as the South African South African Airways and Comair, the British Flybe or the Austrian and French branches of Level (IAG) were swept away.
In bankruptcy, the Australian giant Virgin Australia was bought by an American company.
Others are due to the cost of drastic cuts, such as American Airlines (more than 41,000 departures), Delta Air Lines (more than 40,000) and United Airlines (up to 36,000), German Lufthansa (22,000), Air Canada (at least 19,000), the British British Airways (12,000), EasyJet (4,500) and Virgin Atlantic (3,150), Air France (7,500), the Australian Qantas (6,000), the Scandinavian SAS (5,000), the Irish Ryanair (3.250) or Icelandair (2.000).
American Airlines and United Airlines have warned that, in the absence of new subsidies, they could lay off 19,000 and 13,000 additional employees respectively from October 1.
To limit the damage, Germany fled to the aid of Lufthansa and Condor, France and the Netherlands did the same with Air France-KLM.Italy and Portugal opted for a nationalization of Alitalia and of the TAP.
On the manufacturer side, Boeing intends to cut at least 16,000 jobs, Airbus 15,000, the Canadian Bombardier 2,500, while the American engine manufacturers General Electric and British Rolls-Royce will cut 12,600 and 9,000 jobs.French equipment manufacturer Safran has already cut 10,000 jobs in the world.
Posted Date: 2020-10-09