Rolls-Royce Cuts 9,000 Jobs As Airlines Turn Off Engines
May 21, 2020
3:22 am
Rolls-Royce, the British maker of plane engines, said Wednesday it will cut at least 9,000 jobs and slash costs elsewhere, as the coronavirus hammers the aviation sector.
“This is not a crisis of our making. But it is the crisis that we face and we must deal with it,” chief executive Warren East said in a statement announcing that Rolls would cut nearly one-fifth of its global workforce.
“Our airline customers and airframe partners are having to adapt and so must we.”
Unions said they expected most of the cuts to occur in the UK, while analysts said the knock-on …
