This morning we’ve learned that up to 15% of the workforce could be lost at British aircraft engine manufacturer Rolls Royce. Rolls Royce feels layoffs are required as production is cut due to the Coronavirus pandemic.
Senior management at Rolls Royce continues to negotiate possible ways forward, with an official announcement concerning layoffs expected at the end of May. Rolls Royce employs 52,000 employees in the UK and it’s expected that up to 8,000 redundancies could be made.
The company’s Chief Executive Officer Warren East said in April Rolls-Royce would be looking at cutting cash expenditure, including salary costs across its global workforce by at least 10% this year.
The scale of job cuts is still likely to be larger than after 9/11 when the group cut 5,000 jobs and the vast majority of it is expected to hit the civil aerospace unit, the Financial Times said.
The report indicates while job losses are expected in the unit’s operations in Singapore and Germany, Britain’s civil aerospace workforce is expected to bear the majority of the cuts.
For nearly three decades, the Rolls Royce family of turbofan aircraft engines have continued to push the boundaries of what is possible. Rolls Royce engines are common on Airbus A330, A340, A380 and Boeing 777 and 787 Dreamliner aircraft.
Click here to visit the Rolls Royce website.
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