Rolls-Royce cuts 9,000 aerospace jobs

Aerospace giant Rolls-Royce said today it plans to cut at least 9,000 jobs in the latest blow to the aviation industry as it continues to be hammered by the coronavirus crisis.  The Derby-based manufacturer, which has 52,000 employees worldwide, said it had been forced to conduct a 'major reorganisation' of the business to adapt to a fall in demand for its engines as planes remain grounded.  The iconic British company employs 24,000 staff in the UK, around 16,000 of whom are aerospace engineers. '  The job losses would mostly take place in its civil aerospace business, the company said, as it started consultations with unions.  Industries facing the toughest comeback after coronavirus (Lovemoney) The global aviation industry has taken a battering from the impact of coronavirus, with most airlines only going ahead with a handful of flights.   Britons have been warned against all but essential travel, in line with many other countries, while the prospect of a compulsory two-week quarantine for people returning to the UK could put even more people off flying.  It is estimated that 140million fewer passengers will take to the air this year, hitting the sector with an estimated £21.1billion in lost revenue.  Rolls-Royce's rival, Airbus, revealed in April it is 'bleeding cash' and feared its very existence was under threat.  Airbus employs 13,500 people in the UK, including in Broughton, North Wales, and Filton, Bristol, where wings for commercial aircraft are designed, tested and built.  Both Airbus and Rolls-Royce have lobbied the government on behalf of Virgin Atlantic, a customer, after Sir Richard Branson's airline asked for a £500m bailout.   Meanwhile, senior British Airways cabin crew are facing a staggering 55 per cent pay cut with salaries slashed to £24,000. Elsewhere, Tui is cutting up to 8,000 jobs, while 16,000 face the axe at plane maker Boeing and 3,000 at Ryanair.  _______________________________________________