UK engine-maker Rolls-Royce cuts 9,000 jobs


Rolls-Royce, the British maker of plane engines, said Wednesday it will cut at least 9,000 jobs and slash costs elsewhere, as the coronavirus slams the aviation sector.

“This is not a crisis of our making. But it is the crisis that we face and we must deal with it,” chief executive Warren East said in a statement announcing that Rolls would cut nearly one-fifth of its global workforce.

“Our airline customers and airframe partners are having to adapt and so must we.”

Rolls said it expected “the loss of at least 9,000 roles” from a global workforce of 52,000 and would also cut “expenditure across plant and property, capital and other indirect cost areas”.

RELATED NEWS:Rolls-Royce Middle East, Africa celebrates 2019 growth

The measures would hand the company annual savings of more than £1.3 billion ($1.6 billion, 1.4 billion euros).

The restructuring will meanwhile cost Rolls about £800 million.

Rolls said the restructuring would predominantly affect its civil aerospace business.

“Our defence business, based in the UK and US, has been robust during the pandemic, with an unchanged outlook, and does not need to reduce headcount,” it added.

Rolls has already spent the past two years cutting thousands of management roles following weak demand for its power systems used by the marine industry.

READ ALSO:Fury: The furious one set for historic rematch with Wilder

“The restructuring announced on 14 June 2018 will transition into this wider proposed reorganisation,” Rolls said Wednesday.

“Focused predominantly on reducing the complexity of our support and management functions, the programme has substantially delivered on its objectives.”

The new cull comes as global air travel remains virtually non-existent, even as governments start to ease their lockdowns.

Watch Leakblast TV channel from around the world

With planes grounded worldwide, airlines are slashing thousands of jobs.

“Being told that there is no longer a job for you is a terrible prospect,” East added on Wednesday.

“But we must take difficult decisions to see our business through these unprecedented times.”

Thanks for Reading via the most updated news portal


Share your story with us

Advertise With us

Encourage & Support LeakBlast

Feel free to contact us

Call Us:+234(0)9073726403
Get us on Whatsapp: +234(0)8181166425      
Email Us:


Good  journalism costs a lot of money.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble Endeavor.

By contributing to LeakBlast, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Support LeakBlast


Please enter your comment!
Please enter your name here