LONDON: Rolls-Royce plans to cut at least 9,000 jobs, or more than a sixth of its workforce, in the latest blows to the UK economy and aviation industry dealt by the coronavirus pandemic.
"We have to reduce our cost base and adapt to the new world, matching our capacity with expected demand," Rolls-Royce chief executive Warren East told reporters, unveiling the company's biggest round of cuts since privatisation in 1987. East said Rolls had 16 to 17 major civil aerospace manufacturing locations across the world, including big presences in Germany and Singapore.
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