(Reuters) – Britain’s Rolls-Royce said on Sunday it was proposing a two-week shutdown of its civilian aerospace unit over the summer as it manages costs due to the impact of the COVID-19 pandemic.
The aircraft manufacturer has begun talks with unions about stopping and reducing costs at its civilian aerospace unit, it said in an emailed statement.
“As we continue to manage our cost base in response to the ongoing impact of the COVID-19 pandemic across the commercial aviation sector, we propose an operational closure of the Civil Aerospace for two weeks during the summer “, he said.
Rolls-Royce’s finances have been hit by the COVID-19 crisis, as its airlines have landed planes. He warned last month that travel would be even more limited than expected this year, leading to an increase in cash outflow.
Reports of Anirudh Saligrama and Sabahatjahan Contractor in Bengaluru; Edited by Alexander Smith