Covid-19 impact: Rolls-Royce to cut 9,000 jobs to save $1.5 bn annually
British engine-maker Rolls-Royce said
that it would need to lay-off at least 9,000 of its 52,000 staff to make annual
cost savings of 1.3 billion pounds ($1.59 billion) as it seeks to cope with the
downturn in air travel caused by the pandemic.
The
job losses would mostly take place in its civil aerospace business, the company
said, as it started consultations with unions.
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