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Airbus Offers Exit Bonus in Bid to Spur Buyouts in France

  • Extra bonus, salary top-ups among incentives to limit layoffs
  • Planemaker is targeting about 5,000 cutbacks in France
Airbus Group NV\'s Airbus A320 Neo Aircraft Makes Debut Flight

Photographer: Balint Porneczi/Bloomberg

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Airbus SE is offering French employees a bonus of two months’ salary if they accept voluntary severance by the end of next month, stepping up efforts to thin its ranks with fewer forced layoffs.

The pandemic-hit planemaker is also offering to top up monthly wages by as much as 350 euros ($415) for up to a year if workers move permanently to lower-paid jobs, according to a letter to French staffers Monday that was seen by Bloomberg. A two-year minimum period before employees can switch positions has also been removed, and Airbus is offering pension incentives for people who take early retirement.