Airbus: 2,000 Jobs At Risk Over China Freeze
GENEVA (AP) — The head of Airbus says up to 2,000 jobs are at risk because Chinese airlines have frozen orders for 55 jets worth $14 billion in protest at the European Union's emissions trading plan.
Airbus CEO Tom Enders says the move jeapordizes 1,000 jobs at the company in Europe and another 1,000 in its supply chain.
Enders spoke Thursday at an airline industry meeting in Geneva.
The EU introduced the trading system at the start of the year as part of European efforts to reduce global warming.
Airlines flying to or from Europe must obtain certificates for carbon dioxide emissions.
The United States, China, Russia, India and many other countries are opposed and say the bloc cannot impose taxes on flights outside its own airspace.