Rolls-Royce to cut 9,000 jobs in massive overhaul of aerospace giant


Japan welcomed foreign workers, then left them in virus limbo
Rolls-Royce is cutting at least 9,000 jobs in a bid to cushion the hit from Covid-19.
The UK aerospace giant said the job losses would come from its civil aerospace division, which makes plane engines for large passenger jets.
It gave no details of where the job losses would be.
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In its latest bid to protect taxi drivers from the spread of Covid-19, ComfortDelGro will run a trial to install plastic shields in 400 cabs. The post COVID-19: ComfortDelGro To Install Plastic Shields In 400 Cabs To Protect Taxi Drivers appeared first on Vulcan Post.
The omnichannel retailer displays real pricing of a product, taking away other costs. Once a certain product has been released, it typically goes through a very long process where it needs to reach 10 to 20 stages from the manufacturers and distributors before reaching a consumer.
Uber will be moving out of its APAC headquarters in Singapore within the next 12 months as its business has been badly impacted by Covid-19. The post COVID-19: Uber To Close APAC HQ In S’pore, Will Lay Off About 3,000 Staff Globally appeared first on Vulcan Post.
TOKYO — On April 14 in a residential neighborhood of Kawasaki, Japan, Takehiro Shimada did the unthinkable. He turned off the lights and locked the doors of the 7-Eleven he has owned and operated for over 20 years. As recently as January, the decision would have seemed like a radical act of defiance against one of the country’s most powerful and ubiquitous companies and its longstanding commitment to 24-hours-a-day, seven-days-a-week operations….
But the group has ample resources to pursue M&A should opportunities arise. The lack of aviation-related projects are projected to drag down ST Engineering’s earnings by around 14% in FY2020, whilst FY2021 earnings are likely to shrink by 18%, according to a report by DBS Group Research. The MRO segment will hit the group’s earnings most as airlines defer aircraft maintenance, cut flying hours, and reduce new aircraft orders. However, compared…
The number of SME accounts opened digitally more than doubled in Q1. Oversea-China Banking Corporation (OCBC) saw a surge in customer adoption of digital services during the COVID-19 pandemic, the bank revealed in its virtual annual general meeting (AGM) on 18 May. The number of small and medium enterprise (SME) accounts opened digitally increased by 2.4 times in Q1 compared to the same period last year, according to data from OCBC.
The downtrend will last for the rest of the year. Sembcorp sees a “markedly lower” performance in its energy business for this year as demand and prices fall due to the coronavirus pandemic, a bourse filing revealed. Whilst its energy arm remains anchored by long-term contracts, market lockdowns and lower power demand in Singapore, India and the United Kingdom will contribute to the downtrend that is expected to last for the rest of the year. In…
PM Lee said that the economic hit will likely be more serious than the Global Financial Crisis and longer-lasting too, even beyond the end of the pandemic. The post COVID-19’s Economic Impact Is Worse Than SARS, Global Financial Crisis – How Bad Will It Be? appeared first on Vulcan Post.
But more than half of its revenue is at risk due to ongoing disruptions. OUE Limited’s profit attributable to owners of the company (PATNCI) expanded to $87.1m in Q1 from only $1m last year on the back of foreign currency translation gains as well as higher marked-to-market fair value gains on investments, the property group revealed in an interim business update. Its revenue also expanded 26.4% YoY to $186.2m during the quarter, compared to…
This is expected to benefit over 140,000 employers. The Ministry of Finance (MOF) will release a $4b wage support from 28 May as part of the enhanced Jobs Support Scheme (JSS), an announcement revealed. This is expected to benefit over 140,000 employers. MOF stated that employers do not need to apply for the scheme as the cash grant will be automatically computed based on CPF contribution data as at 14 February. They are encouraged to sign up…
By ANTON SINKOVSKIY Public speaking is a valuable and transferable skill which expands your professional limits, reframes your mind and provides powerful leadership experience. Here are 5 in-depth tips that have helped me perform at different business events. The post 5 Tips on How to Ace Public Speaking appeared first on Leaderonomics.com.