Home > Rolls-Royce to cut 9,000 jobs as air travel collapses

Rolls-Royce to cut 9,000 jobs as air travel collapses


The aircraft engine builder Rolls-Royce is to cut 9,000 jobs, or around a fifth of its global workforce, because of the impact of the Covid-19 pandemic. The company, like its French rival Safran, has suffered from the plunge in air travel due to lockdown measures in many parts of the world. Also today, Mali becomes the first African country to secure a moratorium on its debt payments for 2020, after an agreement with the 'Paris Club' of creditors.

Added on the 20/05/2020 11:00:00 - Copyright : France 24 EN

To customise your video :

Or Create an account

More videos on the subject

  • Heineken to cut 8,000 jobs as Covid-19 pandemic hits beer sales

    The brewer Heineken is cutting 8,000 jobs around the world, around 10 percent of its current workforce. The Dutch company reported losses of €204 million for 2020, as coronavirus restrictions shut down much of the hospitality sector over the past year. Also today, we look at President Biden's efforts to win support from business leaders for his $1.9 trillion economic rescue plan. He hosted several top CEOs for a meeting in the White House on Tuesday, along with Treasury Secretary Janet Yellen.

    10/02/2021 - France 24 EN
  • UK department store Debenhams collapses putting 12,000 jobs at risk

    The future of some 12,000 retailing jobs in Britain hangs in the balance after the failure of Debenhams, one of the country's oldest department stores.

    02/12/2020 - Euronews EN
  • Disney To Layoff 32,000 Workers

    26/11/2020 - Wochit
  • Danone to cut up to 2,000 jobs, including "400 to 500" in France

    French agro-food giant Danone, badly hit by the Covid-19 pandemic, announces that it wants to cut up to 2,000 jobs at its headquarters in France and abroad. IMAGES of Danone France HQ

    23/11/2020 - AFPTV - First images
  • Shell Will Cut 9,000

    CNN reports that Royal Dutch Shell will slash as many as 9,000 jobs as the oil giant accelerates a shift away from fossil fuels. On Wednesday, the company said it would cut between 7,000 and 9,000 positions by the end of 2022. That's ten percent of its workforce. The total includes 1,500 people who have volunteered to leave the company this year. Shell expects the overhaul to deliver annual cost savings of up to $2.5 billion by 2022. Shell said the job losses are part of a restructuring, aimed at cutting costs and simplifying the company's structure as it moves into low-carbon energy.

    30/09/2020 - Wochit
  • Covid-19 : transfert exceptionnel de huit patients en réanimation de Tahiti vers Paris

    Le transfert de ces patients vers la métropole doit permettre d'alléger la pression sur les services de réanimation en Polynésie, actuellement l'un des territoires français les plus durement touchés par l'épidémie de Covid-19.

    19/09/2021 - Euronews FR

More videosNews

Watch video of  - How to use a Shampoo Bar - Label : Woman & Home -

How to use a Shampoo Bar

16/06/2021 17:11:55

Watch video of  - DemainEntreprendre - épisode 12 - Label : Economie wallonne -

DemainEntreprendre - épisode 12

29/04/2021 12:55:32