Rolls-Royce the aerospace giant have signalled there could be job cuts amid the pandemic and they are working with a trade union and employee representatives.
Last month Rolls-Royce placed 4,000 UK staff on furlough and have said flying hours for their engines fell by 90% in April as airlines are grounded.
The aerospace giant expects the pandemic will “lead to a smaller commercial aerospace market which may take several years to recover.”
Warren East, chief executive of Rolls-Royce said, “We are working hard to mitigate the near-term disruption caused by Covid-19 and are making stronger than expected progress on our mitigating actions, giving us confidence that we can now deliver up to £1bn of savings this year.
“However, we must also take the difficult but necessary decisions to ensure the group emerges from this period with the appropriate cost base for what will be a smaller commercial aerospace market which may take several years to recover.
“I am proud of the dedication and commitment of my colleagues and thankful for the continuing support of our shareholders and other stakeholders during this challenging time.”
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