Rolls Royce CEO outlines plans for 9,000 job losses

The video discusses a proposed restructuring at a company, resulting in 9000 job losses due to the COVID-19 pandemic's impact on the civil aerospace sector. The speaker explains the need to align business capacity with future demand and compares the pandemic's effects to past crises, highlighting its long-term impact. Despite the challenges, the company aims to sustain its business and preserve skills, emphasizing the potential for accelerated sustainable air travel as a positive outcome. Rolls Royce is positioned as a leader in this transition, offering hope for current and future employment.

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