FILE PHOTO: An Airbus A350 is pictured with a Rolls-Royce logo at the Airbus headquarters in Toulouse, France December 4, 2014. REUTERS/ Regis Duvignau/File Photo
- Britain’s Rolls-Royce said on Sunday it is proposing a two week operational shutdown of its civil aerospace unit over the summer as it manages costs due to the impact of the COVID-19 pandemic. The aero-engine maker has begun talks with unions on the shutdown and cost cutting at its civil aerospace unit, it said in an emailed statement.
“As we continue to manage our cost base in response to the ongoing impact of the COVID-19 pandemic on the whole commercial aviation sector, we are proposing a two week operational shutdown of Civil Aerospace over the Summer,” it said. Rolls-Royce’s finances have been hit by the COVID-19 crisis as its airline customers have grounded planes. It warned last month that travel would be even more constrained than expected this year, leading to increased cash outflow.Our Standards:
That’s alright they will get a couple billion dollars from the government to keep them a float
kevin10661 Wasn't it corbyn than was meant to hand out money like its confetti and shut down British busibesses? Well done RishiSunak
Rolls Royce is really in trouble, wasn't it auctioning off the family china not so long ago, and that wasn't enough? I wonder if it will make it...
Good looking Airbus 350 With One Rolls Royce Injention
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