Aerospace giant Rolls-Royce said it plans to cut at least 9,000 jobs after demand was hit by the coronavirus pandemic. The company said the cost-cutting measures will save Rolls-Royce £1.3billion, as it warned it could take "several years" for the commercial aerospace market to bounce back from the global crisis.
Warren East, chief executive of Rolls-Royce, said: "This is not a crisis of our making. But it is the crisis that we face and we must deal with it. "Our airline customers and airframe partners are having to adapt and so must we. "Being told that there is no longer a job for you is a terrible prospect and it is especially hard when all of us take so much pride in working for Rolls-Royce. "But we must take difficult decisions to