Rolls Royce to cut 9,000 jobs due to ongoing financial crisis

Rolls Royce may shut some of its factories to lay off 9,000 employees in response to the financial crisis faced by the global aviation industry amid Coronavirus fears.

According to the company’s chief executive, Warren East, “We are reviewing our footprint because obviously when you wind an operation down below a certain level then it becomes uneconomic so that might be possible.

But again we have to consult with our unions and do a thorough run through with the unions on exactly where the job losses are going to be,” he told media officials.

Rolls-Royce Holdings plc is a British multinational engineering company incorporated in February 2011 that owns Rolls-Royce, a business established in 1904 which today designs, manufactures and distributes power systems for aviation and other industries.