Aerospace engine maker Rolls-Royce has announced plans to cut some 9,000 jobs globally as it grapples with the collapse in air travel due to the COVID-19 pandemic.
The company employs 52,000 people overall, and it is not immediately clear where the cuts will fall.
The reorganization will lead to cuts resulting in some 700 million pounds ($856 million) in savings with an overall aim of 1.3 billion pounds in annual savings.
Chief executive Warren East says the company must “take difficult decisions to see our business through these unprecedented times.”
Chief executive Warren East says the company must “take difficult decisions to see our business through these unprecedented times.”