Spain agrees investments with Airbus in exchange for reducing the cut in workforce

MADRID, Jul 30 (.) – The Spanish government and Airbus said Thursday that they have agreed on measures to support the aerospace sector and minimize job losses after a meeting between Prime Minister Pedro Sánchez and the chief executive of Airbus Guillaume Faury.

“Both parties consider it essential to promote a series of initiatives to strengthen the entire sector in Spain and its auxiliary industries,” Airbus and the government said in a joint statement.

Struck by the COVID-19 pandemic, Airbus, which is 4% owned by the Spanish state, has said it will lay off some 900 workers in Spain as part of the 15,000 cuts worldwide, prompting protests from its employees.

The measures include an investment plan of 185 million euros (219 million dollars) that will be financed by the recovery fund of the European Union and a commitment by Spain to order several military aircraft.

The Spanish government will also assist Airbus in negotiations to persuade the United States to lift sanctions against the company.

In return, Airbus said that its objective would be to minimize the reduction of jobs in Spain and find solutions for plants with less workload.

($ 1 = 0.8465 euros)

(Information from Nathan Allen; edited by Franklin Paul and Mark Potter, translated by Michael Susin at the Gdansk newsroom)