Rolls-Royce is set to cut up to 8,000 jobs as the pandemic deals a massive blow to the aviation industry, reports say. The major aerospace manufacturer is said to be poised to make the cuts amid the collapse of air travel demand during the coronavirus crisis.
It is not yet clear how many UK jobs will be affected, as the manufacturer employs a global workforce in its civil aerospace engineering business.
Plunging demand from the likes of Airbus and Boeing has led the giant to warn it plans to make its single biggest workforce reduction in 30 years, according to the Financial Times.
The British aero-engineering firm has begun work on a restructuring plan that would take a scythe to its workforce of some 52,000, insiders told the newspaper.