--Safran SA plans to hire 12,000 people world-wide this year, of which 3,000 will be in France, as air traffic is recovering and order intake is dynamic, Chief Executive Officer Olivier Andries said in an interview with French newspaper Le Figaro published Sunday.

--The French aircraft engine maker cut 20,000 jobs and closed seven sites over 18 months on the back of the coronavirus pandemic but "the worst is behind us," Mr. Andries said.

--Omicron creates short-term uncertainties but Safran still assumes that the medium-haul market will recover to pre-pandemic levels by the end of 2022, the CEO said.

 

Full story in French: https://bit.ly/3FRNQls

 

Write to Olivia Bugault at olivia.bugault@wsj.com

 

(END) Dow Jones Newswires

January 03, 2022 06:27 ET (11:27 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
Safran (EU:SAF)
Historical Stock Chart
From Aug 2022 to Sep 2022 Click Here for more Safran Charts.
Safran (EU:SAF)
Historical Stock Chart
From Sep 2021 to Sep 2022 Click Here for more Safran Charts.