Rolls-Royce to cut 9,000 jobs worldwide as Covid-19 takes toll

Jet engine manufacturer targets £1.3bn in annual cost savings as airlines hit by crisis

The industrial group Rolls-Royce is to cut 9,000 jobs, almost a fifth of its workforce, as the coronavirus crisis takes its toll on the aviation industry.

The jet engine manufacturer said it is targeting £1.3bn in annual cost savings to weather the protracted downturn caused by the Covid-19 pandemic that has grounded much of the world’s airlines.

Continue reading… Source: The Guardian: Rolls-Royce to cut 9,000 jobs worldwide as Covid-19 takes toll ———

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