) said on Wednesday it would cut at least 9,000 jobs from its global staff of 52,000 and could shut factories to adapt to the much smaller aviation market that will emerge from the coronavirus pandemic.
Rolls-Royce, one Britain’s best known industrial names, supplies engines for large aircraft such as the Boeing 787 and the Airbus A350. “This is about adjusting our capacity to meet future demand,” Rolls-Royce chief executive Warren East told BBC Radio on Wednesday. The job losses, equivalent to shedding 17% of its workforce, would help it to make annual cost savings of 1.3 billion pounds , and it would also be looking to reduce expenditure elsewhere on plant, property and capital costs.
Source: News Formal (newsformal.com)
Sad. How many airlines have cancelled new aircraft orders. When are planes going to be back flying again. Many said they will only operate 30% of their aircraft. 12-18 months before things get back to normal plus don't expect cheap airfares. A new normal for a few years at least.
Maybe optimistic, but Is it really the best business to just cut jobs, or could it be a sign of being too lazy to think about other win-win's? Investing in employee for years to improving skills & trust just to release that asset, with no hint of any other kind of 'RoI' ideas?
uk corona cases cross 247,000 and 34,000 deaths Latest updates | cases per million population👇 coronavirus COVID19
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Devastating news
Es una clásica laboral.
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