Finance, Taxes, Insurance
Civil Aviation Decline Forces Rolls-Royce To Cut 9,000 Jobs
The aircraft engine maker aims to achieve annual savings of around $1.6 billion, with most of the impact being on its UK-based civil aerospace business.
The majority of the 9,000 job cuts announced by Rolls-Royce will be in UK facilities making airliner engines like this Trent XWB turbofan. [Photo: Rolls-Royce]
The majority of the 9,000 job cuts announced by Rolls-Royce will be in UK facilities making airliner engines like this Trent XWB turbofan. [Photo: Rolls-Royce]

Rolls-Royce on Wednesday confirmed plans to eliminate 9,000 jobs from its global workforce of 52,000 people in direct response to the collapse in demand for civil aircraft triggered by the Covid-19 pandemic. The aircraft engine maker indicated that the bulk of the cuts will likely be made on the civil aerospace side of its business and mainly in the UK, where much of this activity is concentrated.