Rolls Royce to cut 9,000 jobs as firm hit by impact of coronavirus

Rolls Royce says it is making savings of £1.3billion Credit: PA

Rolls Royce has announced it will be cutting 9,000 jobs from its global workforce, as the company responds to the impact of the coronavirus crisis.

The firm says its Civil Aerospace division, which is based in Derby, will be mostly affected by the restructuring of the business.

The company Chief Executive, Warren East, says it's being done as a result of the widespread changes to the commercial aerospace industry during the global pandemic, which they say will take several years to return to the levels of just a few months ago.

In a statement the Unite union said it was 'seriously concerned that we are going back to the dark days of the 1980s when businesses ran away from their responsibitlies to workers who were the basis of their success'.

Mr Turner said the union would be meeting with the company in the coming days to convince them to take a different approach and that it would be pressing the government to step up to the plate to protect our manufacturing base.

Tony Tinley, from Unite union told ITV news he was particularly concerned about the speed at which Rolls Royce was looking to move.

The company says it expects at least 9,000 jobs to be lost from its current workforce of 52,000, with further expenditure reductions made in plants, property, capital and other indirect cost areas.

Rolls Royce expects to save more than £1.3billion a year as a result of the restructuring, with the loss of personnel making up £700million of that.