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

The aero-engine maker has begun talks with unions on the shutdown and cost cutting at its civil aerospace unit, it said in an emailed statement.

"As we continue to manage our cost base in response to the ongoing impact of the COVID-19 pandemic on the whole commercial aviation sector, we are proposing a two week operational shutdown of Civil Aerospace over the Summer," it said.

Rolls-Royce's finances have been hit by the COVID-19 crisis as its airline customers have grounded planes.

Rolls-Royce warned last month that travel would be even more constrained than expected this year, leading to increased cash outflow.