Content by ARMENPRESS News Agency
Photo by ARMENPRESS News Agency
2020-08-27 18:02
ROLLS-ROYCE LOST $ 7.1 BILLION IN FIRST HALF OF 2020
The British company Rolls-Royce (RR), which supplies engines for aircraft such as the Boeing 787 and Airbus A350, announced a record loss of 5.4 billion pounds (more than 7, in the first half of this year). $ 1 billion) before taxes.

This is evidenced by the report of RR, released on August 27, a company that is experiencing the largest reorganization of production in history.

Rolls-Royce on August 26 announced the closure of two plants in Nottinghamshire and Lancashire, England, with the intention of cutting 3,000 jobs in the UK. And RR alone plans to cut at least 9,000 jobs worldwide, or more than 17 percent of the total, to adapt to new aviation realities in the aftermath of the coronavirus and save միլի 1.3 billion ($ 1.59 billion) a year.

According to RR CEO Warren East to the BBC, 4.5 thousand people have already left Rolls-Royce this year.

According to initial plans, the company was to supply 500 jet engines in 2020, but now it will produce only half of that number due to falling demand. According to East, the demand for engines at the end of last year will be restored no earlier than 2025. Rolls-Royce is one of the largest manufacturers of aircraft engines in the world. The company employs 52 thousand people, 23 thousand of them in the UK, according to TASS.