Engineering giant Rolls-Royce is preparing to cut 8,000 jobs in jet engines
Engineering giant Rolls-Royce is preparing to cut 8,000 jobs in its jet engine business.
An insider said the global workforce of 52,000 will be reduced in crisis restructuring to save around £ 750 million.
Cutbacks: An insider said the 52,000-strong workforce worldwide will be reduced in crisis restructuring to save around £ 750 million
The jet engines department has been hit hard by the aviation crisis. The two largest customers – Boeing and Airbus – have cut production by 30 percent since the start of the pandemic, after airlines canceled orders for new planes.
Most jobs will be in the UK, where Rolls-Royce employs 16,000 aerospace engineers. About two thirds are located in the Sinfin factory in Derby.
The company will cut the final number of jobs later this month, after partnering with unions to save as many jobs as possible. UK defense and submarine operations remain unaffected.
A Rolls-Royce spokesperson said, “We have taken swift action to strengthen our resilience in these exceptionally challenging times, but further action is needed.”