🎈 Up Big Today: Find today's biggest gainers with our free screenerTry Stock Screener

Jet maker Safran plans 12,000 hires in 2022 as air traffic recovers

Published 01/03/2022, 03:23 AM
Updated 01/03/2022, 04:11 AM
© Reuters. FILE PHOTO: The logo of Safran is seen outside the company's headquarters in Issy-les-Moulineaux near Paris, France, January 2, 2019. REUTERS/Gonzalo Fuentes/File Photo
BA
-
SAF
-
GE
-

PARIS (Reuters) - Jet engine maker Safran (PA:SAF) believes the worst of the crisis in aviation caused by COVID-19 is over, and plans to hire 12,000 people worldwide this year to build its capacity back up, its chief executive told a French newspaper.

"Today air traffic is recovering, the placing of orders is dynamic, the tempo is increasing. The worst is behind us. I am very confident," Olivier Andries told the Figaro.

"We are in the process of coming out of the crisis and we've decided to relaunch our hiring, with 12,000 hires planned in 2022, of which 3,000 will be in France," he was quoted as saying.

© Reuters. FILE PHOTO: The logo of Safran is seen outside the company's headquarters in Issy-les-Moulineaux near Paris, France, January 2, 2019. REUTERS/Gonzalo Fuentes/File Photo

Safran is the world's third largest aerospace contractor and with General Electric (NYSE:GE) it co-produces engines for Airbus and Boeing (NYSE:BA) aircraft.

When the COVID-19 pandemic hit, Safran, along with most other players in the sector, reduced capacity and cut some jobs in response to the sharp downturn in orders from airlines.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.