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Rolls Royce Braces for Turmoil With 8,000 Jobs on the Line

  • Engine-maker may cut 15% of workforce because of pandemic
  • Company faces revenue drop of 12% this year, says Jefferies
An employee works on a Trent 700 aircraft engine on the production line at the Rolls-Royce Holdings Plc factory in Derby.

An employee works on a Trent 700 aircraft engine on the production line at the Rolls-Royce Holdings Plc factory in Derby.

Photographer: Chris Ratcliffe/Bloomberg

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Rolls Royce Holdings Plc is likely to be a much smaller company in the coming years with aerospace facing an uncertain future.