Company/Organisation:
Rolls-Royce
Geographic Location
Country:
World
Location of affected unit(s):
USA, UK, Germany, India, Singapore and Japan
Company
Sector:
Manufacturing
Manufacture of transport equipment
30.30 - Manufacture of air and spacecraft and related machinery
Number Employed:
52000
Employment Effects
Announcement Date:
02-05-2020
Planned Job Reductions min:
8000
Planned Job Reductions max:
8000
Type of Restructuring:
Internal restructuring
Employment Effect Start:
01-06-2020
Foreseen End Date:
31-12-2020
Additional Information
The British aerospace Rolls-Royce has announced 8,000 job cuts worldwide after the company was forced to cut production during the Covid-19 pandemic. The aeroplane engine manufacturer employs 52,000 people worldwide, with 23,000 staff in the UK. The unions have been informed and Rolls-Royce is expected to tell staff the actual number of job losses by the end of May. The Financial Times first reported the potential job losses, and said the restructuring plan 'would shrink the workforce...by up to 15%'. Rolls-Royce expects to deliver only 250 engines this year, just over half its previous expectation of 450.
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