Airbus Announces Job Cuts Amid Massive Dip In Aircraft Orders

An Airbus aircraft of the German airline Lufthansa is parked at the Franz-Josef-Strauss airport in Munich, Germany, earlier this month.

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.

(Image credit: Christof Stache/AFP via Getty Images)

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