Rolls-Royce plans two-week shutdown of civil aerospace
business
Britain's Rolls-Royce said on Sunday (Feb 7) it is proposing a two week operational shutdown
of its civil aerospace unit over the summer as it manages costs due to the impact of
the COVID-19 pandemic.
The aero-engine maker has begun talks with unions on the shutdown and cost cutting at its
civil 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 on the whole commercial aviation sector, we are proposing a two week operational
shutdown of Civil Aerospace over the Summer," it said.
Rolls-Royce's finances have been hit by the COVID-19 crisis as its airline customers have
grounded planes. It warned last month that travel would be even more constrained than
expected this year, leading to increased cash outflow.
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