Due to the corona lockdown, many companies are sacking employees to reduce the financial burden. Rolls-Royce Holdings, a UK engineering giant, has now entered the category. The announcement said the company was facing a severe crisis due to the lockdown and was cutting 9,000 employees to cut costs. The decision was made in light of current circumstances. The company said it would save $ 1.3 billion in layoffs. Rolls Royce layoffs are the first in the air industry in the corona crisis.
Rolls-Royce CEO Boss Warren East said the decision to lay off 17 percent of employees would affect their civil aerospace sector and address other issues, not due to the manufacturing crisis. Most of the job cuts appear to be in the UK. Employees unions deeply embittered over the decision about Rolls Royce layoffs employees.