As the impact of COVID-19 continues to hit the aviation sector hard engine manufacturer Rolls Royce has announced plans to cut 8,000 jobs.
The redundancies would account for 15% of the firm’s workforce and comes as airline lay-up aircraft as global restrictions on international travel continues.
Reports say the planned job cuts remain subject to negotiation and an official announcement is not expected until the end of May.
But the manufacturer has already announced it was working on a 10% cut in costs, including salaries.
Last month, Rolls-Royce scrapped targets and final dividend to shore up its finances to cope with the virus outbreak.
According to reports discussions on job losses have begun with trade unions, and any redundancies are likely to take place in the UK, Singapore and Germany.