Rolls-Royce suspends production of jet engines for the first time in its history
Rolls-Royce plans to temporarily close its jet engine factories for two weeks this summer to save money for the first time in the company's history. tells about this Financial Times on Sunday.
The British aircraft engine manufacturer is currently in consultation with trade unions and representatives from its civil aviation division, which manufactures jet engine parts, in an effort to convince all stakeholders of the need to cut costs to cope with the lingering collapse of the aviation market. caused by the coronavirus pandemic.
The division employs 19,000 people worldwide in countries including Germany and Singapore, although the majority - 12,500 - are based in the UK.
Rolls-Royce has also begun negotiations with UK unions to ensure a continuous 10% increase in the productivity and efficiency of its UK civil aerospace operations.
The group is trying to cope with a deep and prolonged slump in demand for aviation services following the first wave of coronavirus quarantines. The company announced last year that it will lay off at least 9,000 of its 52,000 employees to save £ 1.3 billion annually by the end of 2022.
On Sunday, executives from the UK's three largest airports detailed the crisis in the aviation sector to the Financial Times, saying Heathrow, Gatwick and Manchester combined were losing around £ 50 million a week as passenger numbers plummeted, but their constant costs such as business rates and police services remain the same.