Rolls-Royce considering workforce cut of up to 15% due to Covid-19: Report

The London-based company is joining a rush to slash costs across airlines and aerospace manufacturers, which are shrinking operations as Covid-19 all but erases travel demand. A 15% cut would imply the loss of approximately 8,000 jobs, based on Rolls-Royce’s average total employment last year.

from Hindustan Times - business https://ift.tt/2YqMXxm