Aerospace giant Rolls-Royce is shedding another 1,400 jobs as it continues with restructuring plans to axe 9,000 roles from its global workforce of 52,000.
The proposals include around 950 job losses in its civil aerospace division worldwide, including in the UK, and about a further 420 across its global facilities.
The company has civil aerospace divisions in Derby and Filton, near Bristol.
A spokesperson said: “The global pandemic has hit our business hard. Although we have taken swift action and put many, often painful, mitigation plans in place, we must continue to further reduce our cost base so that we can safeguard the future of Rolls-Royce, return to break even and work towards our target of reaching positive cash-flow in the second half of 2021.
“We are already undertaking the largest ever restructuring of our civil aerospace business and have today proposed further measures to protect our business.
“The proposed changes we are announcing today are in civil aerospace and are within the at least 9,000 potential headcount reduction announced for the group on 20 May 2020.”
Rolls-Royce has been hit hard by the collapse in air travel caused by the pandemic.
In September, the company confirmed it was in talks to fundraise up to £2.5billion as Covid-19 continued to blight the aviation industry.
The aerospace giant said in a statement that it was “evaluating the merits” of the raise which could be carried out through a rights issue or other forms of equity insurance.
The company also posted an eye-watering £5.4billion half-year pre-tax loss in August due to the impact of the Covid crisis.
This week, Rolls-Royce said it was investing in a programme of new technology to recycle rather than scrap used plane parts .
The aerospace giant is working with the Government-backed Aerospace Technology Institute (ATI) to improve servicing technologies.
The deal will see its engineers work on 20 technologies that will hopefully cut disruption for airlines and lessen the environmental impact of parts failures, by repairing components rather than scrapping them.
