British automotive manufacturer Rolls Royce plans to shut its Civil Aerospace division for two weeks in the summer as demand from the sector remains subdued.
According to media reports, the company, which manufactures turbofan engines for civil aircraft, noted that the action was in response to the impact of the COVID-19 pandemic on international travel. Rolls Royce also stated that it was a cost-saving measure to cope with the prolonged collapse of the division’s business and profitability.
The manufacturer has reportedly begun discussions with the labor unions on shutting down and cutting costs at its Civil Aerospace division plant. The Trent engines made by the company are used in Airbus and Boeing aircraft. The division employs more than 12,500 people in the UK.