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FTSE 100 aero-engine maker Rolls-Royce (RR.) has unveiled plans to axe a third of its 52,000 global workforce as adapted to the airline industry ‘s collapse.
Rolls-Royce, one of Britain’s best-known industrial companies, is supplying engines for large aircraft such as the Boeing 787 and the Airbus A350, said Wednesday that ‘at least 9,000’ jobs would be cut as some of its design, testing and manufacturing facilities are closed.
Rolls-Royce Cutting 9,000 jobs amid the virus crisis
Rolls-Royce has said it will cut 9,000 jobs and warned the airline industry that recovery from the coronavirus pandemic will take “several years.”
The Derby-based company, which manufactures aircraft engines, said reducing almost a fifth of its workforce would have a major impact on its civil aerospace division.
“This is not a crisis of our making, but it is the crisis that we are facing and that we have to deal with,” said boss Warren East.
The bulk of job cuts are expected to be at its Derby site in the UK.
Rolls-Royce employs around 52,000 people all over the world.
Rolls-Royce’s civil aerospace business has a number of sites in the UK but Derby ‘s largest plant is.
The company said its sites would also be reviewed but declined to comment on which sites could be closed.
Rolls-Royce originally furloughed 4,000 workers in UK last month. Approximately 3,700 people remain on the Coronavirus Job Retention Scheme although the government pays up to £ 2,500 a month for 80% of a worker’s wage.