Tag: RollsRoyce

Rolls-Royce sees demand for luxury cars rebound

Image copyright Reuters Image caption Torsten Müller-Ötvös said business was back to “far more normal” levels The boss of carmaker Rolls-Royce has said global demand for luxury vehicles is rebounding despite the pandemic. Chief executive Torsten Müller-Ötvös told the BBC that markets in Asia, Europe and the US were now “more or less back to normal”. Mr Müller-Ötvös was speaking… Read more →

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Coronavirus: Rolls-Royce reports record loss as travel slumps

Image copyright Getty Images Engineering giant Rolls-Royce, which makes jet engines, has reported record losses after the coronavirus pandemic caused demand for air travel to slump. The firm reported a pre-tax loss of £5.4bn for the first half of this year. Rolls-Royce is in the middle of the biggest restructuring of its business in its history. On Wednesday, it confirmed… Read more →

Rolls-Royce: 3,000 staff explore voluntary redundancy

Image copyright Getty Images Image caption About 1,500 job cuts are expected to be lost from the engine-maker’s headquarters in Derby More than 3,000 workers have expressed interest in voluntary redundancy at Rolls-Royce across its UK operations. The engine company announced plans in May to reduce 9,000 jobs across its global workforce. About 1,500 jobs are expected to be lost… Read more →

Coronavirus: Working group set up to protect jobs at Renfrewshire Rolls-Royce plant

Image copyright Reuters Image caption Rolls-Royce warned it could cut 700 jobs from its Renfrewshire plant based on the reduced workload The Scottish government has announced a working group will be set up with the aim of protecting jobs at a beleaguered Rolls-Royce plant. The firm said in recent weeks that 700 jobs were at risk in Renfrewshire following the… Read more →