(Reuters) – Britain’s Rolls-Royce said on Sunday it was proposing a two-week operational shutdown of its civilian aerospace unit over the summer as it managed costs due to the impact of the COVID-19 pandemic.
The aircraft manufacturer has begun talks with unions about stopping and reducing costs at its civilian aerospace unit, it said in an email.
“As we continue to manage our cost base in response to the continuing impact of the COVID-19 pandemic on the entire commercial aviation sector, we are proposing a two-week operational closure of Civil Aerospace over the summer,” he said.
Rolls-Royce’s finances have been hit by the COVID-19 crisis as its airline’s customers ground planes. Last month, he warned that travel would be even more restricted than expected this year, leading to increased cash flow.
Report by Anirudh Saligrama and Sabahatjahan Contractor of Bengaluru; Edited by Alexander Smith