Airbus exploring restructuring plans, job cuts due to Covid-19: Report

For now, Airbus is relying on government-backed furlough schemes in France, Germany and Britain to reduce staff costs after earlier asking employees to take 10 days' leave

Airbus is exploring restructuring plans involving the possibility of "deep" job cuts as it braces for a prolonged coronavirus crisis after furloughing thousands of workers, industry sources said, though no decision is imminent.

Europe's largest aerospace group has not ruled out layoffs while signalling that no decisions will be made before the summer. But a global airline crisis has gathered speed in recent weeks, with carriers and suppliers pleading for help.

Chief Executive Guillaume Faury is expected to update managers on Thursday after warning staff last month that the firm's survival was at stake due to a slump in demand.