Rolls Royce Set To Trim Staff
May 2, 2020
6:27 am
British aero-engine maker Rolls Royce Holdings is considering cutting up to 15% of its workforce, as customers cut production and airlines park planes due to the coronavirus pandemic.
The size of layoffs has been mentioned internally by senior management, but is by no means finalised and there is a lot of negotiation still to be done, the source added.
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The company’s engines power Airbus SE and Boeing Co’s wide-body jets and Rolls-Royce is paid by airlines based on how many hours its engines fly.
The Financial Times earlier reported Rolls-Royce was …
