Airbus set to announce thousands of job cuts

TOULOUSE (Reuters) - Airbus is set to announce on Tuesday a restructuring involving thousands of job cuts as it deals with the fallout from impact of the coronavirus crisis, union officials said, with some sources predicting some 15,000 jobs are to go.Airbus, which has said it will announce fresh action by the end of July after introducing temporary furloughs, declined to comment. Its shares rose 1%.Reuters reported on Monday that the company's bigger-ever plan to shrink operations and staff..