Airbus could cut 10,000 jobs amid coronavirus travel slump May 13, 2020 European aerospace titan Airbus could cut up to 10,000 jobs in the coming days as it struggles with the fallout from the coronavirus pandemic. The Telegraph reported that executives are set to finalise plans for cuts to the company’s 134,000 staff next week. One source quoted in the report said cuts will be “imminent and [...]
Bus industry calls for further government funding as lockdown measures ease May 13, 2020 The UK bus industry has warned that the government needs to extend its emergency funding if operators are to increase the number of services they are running in line with official instructions. Speaking to City PM, the Confederation for Passenger Transport (CPT), which represents the UK’s bus and coach firms, said that “it was highly [...]
EU unveils plans to reopen borders in bid to salvage tourism season May 13, 2020 The EU has lain out new guidelines for member states to use to reopen their borders and encourage tourism as the bloc seeks to begin its recovery from the coronavirus pandemic. It is hoped that the measures will salvage at least some of Europe’s summer holiday season, which brings in around €150bn in the average [...]
Ford to restart UK car manufacturing at Dagenham and Bridgend May 13, 2020 Ford today announced that it will restart production at its Dagenham and Bridgend plants on 18 May. The vehicle giant said production would restart with social distancing and health and safety protocols in place to limit the risk of coronavirus. The company said it was continuing to build ventilators at Dagenham as part of the [...]
Boris Johnson urges commuters not to crowd onto public transport May 13, 2020 Boris Johnson has urged commuters not to crowd onto public transport as some workers began returning to their offices today. Speaking in parliament, the Prime Minister said: “I don’t want to see crowding on mass transit or public transport in our capital or anywhere else”. Johnson’s words come after a number of images were released [...]
Nissan to make restructuring cuts of $2.8bn – report May 13, 2020 Japanese auto giant Nissan is preparing to make cuts of $2.8bn (£2.3bn) in fixed costs as part of its restructuring plan, as the firm prepares to make its first loss since the financial crisis. Bloomberg reported that the company will announce the plan on 28 May after three years of falling profits at the Japanese [...]
Coronavirus public transport advice: What do lockdown rules say? May 13, 2020 The government has released new public transport advice for would-be commuters as the UK takes its first tentative steps out of seven weeks of lockdown. Although it once again stresses that people should avoid travelling it is totally necessary, the measures lay out steps people can take to keep themselves and others safe when making [...]
8,000 jobs at risk as Tui faces ‘greatest crisis’ for travel industry May 13, 2020 Holiday operator Tui said 8,000 jobs are at risk as it seeks to cut costs due to the coronavirus pandemic, which has presented the “greatest crisis” ever faced by the travel industry. The company said this morning that the coronavirus crisis has forced it to accelerate its transformation plan. Tui is aiming to reduce its [...]
Toyota expects profit to fall 80 per cent on coronavirus hit May 12, 2020 Japanese carmaker Toyota today said it expects profit to fall 80 per cent to its lowest level in nine years after the impact of coronavirus on its sales. Toyota said it expects to take a massive 1.5 trillion yen (£11bn) hit from a collapse in global sales, but it still expects to scrape an operating [...]
Easyjet founder offers £5m reward for Airbus deal ‘whistleblower’ May 12, 2020 Easyjet’s founder Stelios Haji-Ioannou is offering a £5m reward to any “whistleblower” who can provide information leading to the cancellation of the airline’s 107-plane deal with Airbus. Haji-Ioannou has been attempting to force Easyjet’s board into scrapping the deal for months, saying the £4.5bn deal will leave the carrier without enough cash to survive the [...]
