Rolls-Royce to axe 9,000 jobs on collapse in air travel

LONDON - Rolls-Royce Holdings chief executive officer Warren East's five-year bid to revive earnings has been shattered by the coronavirus crisis as the jet-engine maker moves to scrap 9,000 jobs.

Rolls-Royce is particularly exposed because of its focus on larger aircraft facing a reduced role in global fleets as the pandemic depresses economies and alters travel habits. East said before the outbreak that the London-based company was turning a corner after years of restructuring that saw it eliminate about 10,000 posts in an effort to become more agile and productive.

The reorganization will predominantly impact the civil aerospace business. and the company said it's carrying out a"detailed review" of its facility footprint. It will also have implications for central support functions.

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