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Coronavirus fallout: Rolls-Royce to lay off 9,000 staff members

The job losses would mostly take place in its civil aerospace business

twitter-logoReuters | May 20, 2020 | Updated 14:29 IST
Coronavirus fallout: Rolls-Royce to lay off 9,000 staff members

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.

Also read: Coronavirus impact: Twitter-backed ShareChat lays off one-fourth of its workforce

Also read: Coronavirus impact: Ola lays off 1,400 employees as revenue dips 95% in two months

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