Rolls-Royce is cutting at least 9,000 jobs as the coronavirus slams aviation

Malaysia News News

Rolls-Royce is cutting at least 9,000 jobs as the coronavirus slams aviation
Malaysia Latest News,Malaysia Headlines
  • 📰 CNN
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 95%

Aircraft engine maker Rolls-Royce is cutting at least 9,000 jobs because of the collapse in demand for air travel caused by the coronavirus pandemic.

London

"We are proposing a major reorganization of our business to adapt to the new level of demand we are seeing from customers," the company said in a statement on Wednesday."As a result, we expect the loss of at least 9,000 roles from our global workforce of 52,000."Rolls-Royce has not yet revealed where the job cuts will fall but its civil aerospace business will bear the brunt of the restructuring.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNN /  🏆 4. in US

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Britain's Rolls-Royce to cut 9,000 jobs amid air travel slumpBritain's Rolls-Royce to cut 9,000 jobs amid air travel slumpBritain's Rolls-Royce 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.
Read more »

Stock market live updates: Stocks close at session low, Dow drops nearly 400, Walmart rolls overStock market live updates: Stocks close at session low, Dow drops nearly 400, Walmart rolls over“We’re in very uncertain times.” Here’s why SEC Chair Jay Clayton says this is an earnings season “like no other.”
Read more »

New York reports lowest number of daily coronavirus deaths since March as state rolls out phased reopeningNew York reports lowest number of daily coronavirus deaths since March as state rolls out phased reopening'We are basically back to where we started before this tragedy descended upon us,' New York Governor Andrew Cuomo said.
Read more »

Britain's Rolls-Royce to cut 9,000 jobs amid air travel slumpBritain's Rolls-Royce to cut 9,000 jobs amid air travel slumpBritain's Rolls-Royce 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.
Read more »

Britney Spears shows off bikini body while lounging in her pool: 'Such a beautiful day'Britney Spears shows off bikini body while lounging in her pool: 'Such a beautiful day'Britney Spears doesn't appear to be the least bit stressed during her coronavirus quarantine.
Read more »

19 Times The Internet Hilariously Dragged 'Harry Potter'19 Times The Internet Hilariously Dragged 'Harry Potter''[19 years later] Hermione: it's coronaVIRus not coronavirUS.'
Read more »



Render Time: 2025-03-30 16:31:03