Britain’s Rolls-Royce to lay-off 9,000 jobs

epa05792654 A Rolls Royce logo seen at the jet engine makers showroom in London, Britain, 14 February 2017. The company has reported a loss before tax of USD$5.74bn for 2016. EPA/ANDY RAIN

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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.

Via Reuters

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