Rolls-Royce plans two-week shutdown of civil aerospace business By Reuters

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© Reuters. File photo of an Airbus A350 with the Rolls-Royce logo at Airbus headquarters in Toulouse

(Reuters) – Britain’s Rolls-Royce (OTC 🙂 said on Sunday it is proposing a two-week operational shutdown of its civil aerospace unit over the summer as it manages costs due to the impact of the COVID-19 pandemic. The aircraft engine maker has started talks with unions about shutting down and cutting costs at its civil aerospace unit, it said in an emailed statement. “As we continue to manage our cost base in response to the continued impact of the COVID-19 pandemic across the commercial aviation sector, we are proposing a two-week operational shutdown of Civil Aerospace over the summer,” he said. Rolls-Royce’s finances have been affected by the COVID-19 crisis as its airline customers have grounded their planes. It warned last month that travel would be even more limited than expected this year, prompting more cash outflow.

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