Investor Alert

Oct. 27, 2020, 3:03 a.m. EDT

Rolls-Royce to temporarily shut factories: FT

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By MarketWatch

--Rolls-Royce is set to close its factories temporarily, reduce working hours and cut benefits amid a cost-cutting drive resulting from the coronavirus pandemic, the FT reports.

--There are no new job cuts planned beyond the 9,000 announced earlier in 2020, the FT says, adding that the company has targeted cost savings of GBP1.3 billion by end of 2021.

Full story: https://on.ft.com/2TrCu1d

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