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04 August 2021 The on-line newspaper devoted to the world of transports 08:28 GMT+2

May 22, 2020

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Original news
Rolls-Royce plans to cut 9,000 jobs

Property will be sold and other expenses reduced

After announcing two weeks ago the decision to 4,000 employees in the UK ( 7 Rolls-Royce has now announced a plan to cost-cutting that involves cutting 9,000 jobs 52,000 total of the entire group. The plan, focused mainly on the company's civil aerospace division, it also includes the sale of property and facilities, lower financial burdens and reduce other costs Indirect. The containment programme is expected to expenditure will generate annual savings of more than 1.3 billion (1.45 billion euros) and will result in refurbishment of around 800 million pounds that will be 2020-2022.

"This one - specified the CEO of the Rolls-Royce, Warren East -- it's not a crisis of our activity, but it's a crisis that we face and with we have to deal with. Our airlines and our customers our partners in the sector have to adapt and we too need to Do. Being told there's no job for you anymore it's a terrible prospect and it's particularly difficult since we are all so proud to work for Rolls-Royce. But -- East continued -- we must make difficult decisions so that our business overcome these unprecedented moments."

"Governments around the world," explained East, "are doing what they can to help businesses in the short term but we have to respond to market conditions in the medium term until the aviation industry recovers governments will not be able to replace sustainable demand customers who simply aren't there anymore. We Rolls-Royce CEO said: 'It's the right way to do that, which means that we will work closely with both our employees with both trade union representatives and we will examine alternatives to mitigate the impact, consulting with us anyone will be involved and treating our staff with dignity and respect."

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