Rolls-Royce Weighs Workforce Cut of Up to 15% on Travel Collapse
An employee adjusts a titanium alloy aircraft engine fan disc at a Rolls-Royce North America Inc. facility in Prince George, Virginia.
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
Rolls-Royce Holdings Plc is considering job cuts of as much as 15% of the workforce as the aviation industry contends with an unprecedented crisis because of the coronavirus pandemic, said a person familiar with the matter.
Senior executives at the maker of jet engines have yet to finalize reductions of that magnitude and talks with labor unions are continuing, said the person, who asked not to be named because the discussions are private. A 15% cut would imply the loss of approximately 8,000 jobs, based on Rolls-Royce’s average total employment last year.