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RRoyce: important company reorganisation to block aircraft and transport crisis

Among the measures, 9,000 layoffs on 52,000 workers

The Rolls-Royce (RR) unveiled in a press release that: "The impact of COVID-19 on RR and the whole of the aviation industry is unprecedented. We have already taken action to strengthen the financial resilience of our business and reduce our cash expenditure in 2020. It is, however, increasingly clear that activity in the commercial aerospace market will take several years to return to the levels seen...

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AVIONEWS - World Aeronautical Press Agency
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