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Rolls-Royce slashes production goals, pledges greater cost cuts

British engine maker plans to make fewer wide-body engines, and may consider 15 per cent cut to its workforce

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Rolls-Royce has been particularly hard hit by the Covid-19 pandemic because it only makes engines for wide-body aircraft, Those aircraft will take longer to return to the skies.

London

ROLLS-ROYCE Holdings lowered its forecast for wide-body engine production and pledged greater cost reductions to cope with an effective grounding of the global airline industry.

The British engine maker said it plans to make 250 wide-body engines in 2020, down from a...

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