No Economic Reason

The New York Times:

Airbus executives warned over the weekend that output at their European factories could fall by as much as one-fourth over the next two years as the aircraft maker and its suppliers adjust to the sharp drop in air traffic and widening losses at the world’s airlines. But the company insisted that it could absorb those cuts without resorting to large-scale layoffs — at least for now.

Why does Airbus not layoff workers?

“Airbus will not countenance any large-scale layoffs for social and political reasons,” said Doug McVitie, managing director of Arran Aerospace in Dinan, France.

Good for Boeing.