Rolls-Royce’s chief executive, Warren East, says the company is taking ‘ decisive and transformative action’ in response to the Covid-19 crisis. “The sudden and material effect of the COVID-19 pandemic has had a significant impact on the commercial aviation industry, resulting in a sharp deterioration in the financial performance of our Civil Aerospace business and, to a lesser extent, our Power Systems business.
Rolls-Royce. Rolls-Royce. 🤔
Whilst thousands are made redundant. Doesn’t this just underscore that these “markets” are entirely artificial & have little bearing on people’s lives. GDP is not synonymous with human happiness
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UK firms warn of tough times as Covid-19 crisis continues - business liveRolling coverage of the latest economic and financial news, as Greggs, John Menzies and Card Factory are all hit by the pandemic good There isn’t a Covid crisis, there’s a government crisis Rather than watch your life’s hard work go down the pan because of an over reaction based on false accounting then all open and get on with life. Unless you are a believer and can afford to sit it out IMO
La source: The Guardian - 🏆 84. / 53 Lire la suite »
Shell to cut up to 9,000 jobs; UK house prices jump – business liveRolling coverage of the latest economic and financial news Thank goodness the house prices have jumped! Without massively inflated house prices giving the illusion of prosperity the Tories would be finished Nationalize branches and redevelop them into a greener energy while retraining the workers. At the end of the day, they are the ones that have shown can keep the business running. The directors are not productive, workers are. Work LESS to work ALL & live BETTER Angela Merkel imposes a 4-HOUR working day, more a increased participation of EMPLOYEES-CUSTOMERS-USERS-SUPPLIERS in the decisions & management of the company to the EQUAL of shareholders & managers. An INVENTIVE economic democracy
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