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.
 
ALSO READ: Covid-19 woes: Exodus of skilled migrant labourers badly hits MSMEs in Pune

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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