On Sunday, Rolls-Royce in the UK proposed a two-week operational shutdown of its civil aerospace unit over 2021 summer. This move comes as it manages costs due to the impact of the novel coronavirus pandemic.
In an official statement on Sunday, the aero-engine maker said that it has begun a dialogue with the unions on the shutdown, and cost cutting at its civil aerospace unit.
Finances hit due to Covid-19 pandemic
“As we continue to manage our cost base in response to the ongoing impact of the novel coronavirus pandemic on the whole commercial aviation sector, we are proposing a two-week-long operational shutdown of civil aerospace over the summer,” it said.
As the airline customers grounded planes amid the novel coronavirus crisis, the finances of Rolls-Royce, too, were hit.
Last month, it had warned that “travel would be even more constrained” than expected in 2021, leading to an increased cash outflow.
(With inputs from agencies)