Thursday

28th Mar 2024

Ticker

Thousands of job losses in Europe's aviation sector

The European aviation sector is starting to bleed jobs in the wake of the pandemic, with Airbus, Europe's top plane maker, to cut 15,000 posts, and Franco-Dutch group Air France-KLM to axe 7,500 positions in various EU states, the companies said Tuesday. "Airbus is facing the gravest crisis this industry has ever experienced," chief executive Guillaume Faury said. British airline EasyJet is also shedding over 2,000 jobs, it confirmed.

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Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

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