Airbus Chief Executive Tom Enders has warned staff of "turbulent and confusing times" amid French and UK anti-bribery and corruption investigations and urged them to support the aerospace group`s top management and the board.
In a letter to 130,000 staff on Friday, Enders defended the decision to report anomalies to UK authorities, which had triggered the probes, and said he and general counsel John Harrison had the board`s backing to see the process through.
The investigations could however lead to "significant penalties" against the group, he said, according to a text of the letter obtained by Reuters.
Airbus declined comment.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.