The airline industry has been in a soup since the coronavirus outbreak in China. As the outbreak turned into a pandemic, the aviation sector came to a total halt bringing the aerospace companies’ nightmares into reality. The tourism and aviation industry has been one of the most impacted industries in the economic ecosystem due to…
British multinational engineering company Rolls-Royce Holdings Plc is reportedly planning to cut 15% jobs as the airline industry globally struggles to tide over the ongoing coronavirus crisis. According to a Financial Times report, senior executives of the aero-engine maker have begun work on a restructuring plan that would shrink the 52,000-strong workforce by up to…
Britain’s flag carrier British Airways is reportedly planning to cut as many as 12,000 jobs in response to the coronavirus crisis. Stating that the passenger numbers will take years to recover due to the pandemic, its owner International Consolidated Airlines Group announced the news on Tuesday. IAG, which also owns Iberia, Aer Lingus, and Vueling,…