Comment

The Bob Cesca Podcast: Super Duper

84
Dr Lizardo5/20/2020 4:38:47 am PDT

Some rather grim news related to COVID-19….in this case, the economic fallout:

Rolls-Royce has said it will cut 9,000 jobs and warned it will take “several years” for the airline industry to recover from the coronavirus pandemic.

The Derby-based firm, which makes plane engines, said the reduction of nearly a fifth of its workforce would mainly affect its civil aerospace division.

“This is not a crisis of our making. But it is the crisis that we face and must deal with,” boss Warren East said.

The bulk of the job cuts are expected to be in the UK at its site in Derby.

bbc.com

I agree, it’s definitely gonna take a few years for the airline industry to get back to pre-pandemic levels. It will, eventually, but just not for the foreseeable future.