Rolls-Royce to cut 6,000 jobs as it slashes costs

The aerospace giant is to cut 15% of its workforce in a bid to save £1.3bn

The move comes as the company struggles with the impact of the coronavirus pandemic

Rolls-Royce is to cut 6,000 jobs as it slashes costs in a bid to save £1.3bn.

The aerospace giant said the move was necessary to "address the severe impact of the Covid-19 pandemic on our civil aerospace business".

The job cuts will affect all parts of the company's global workforce, including its UK operations.

Rolls-Royce said it expects to make the majority of the job cuts by the end of 2022.

The news comes as the company struggles with the impact of the coronavirus pandemic. The pandemic has led to a sharp decline in air travel, which has hit Rolls-Royce's sales of engines and other components.

Rolls-Royce said it is also taking other measures to reduce costs, including reducing its use of contractors and consultants, and freezing pay for senior executives.

The company said it is "committed to supporting our employees during this difficult time" and will provide them with "comprehensive support".

Rolls-Royce is one of the world's leading aerospace companies. It employs around 52,000 people in over 50 countries.