Rolls-Royce – another victim of coronavirus pandemic hit by muted travel

When the demand for air travel is muted by the coronavirus pandemic, it is a matter of time that the suppliers upstream get hit. Airlines buy fewer aircraft. Aircraft manufacturers buy less parts and eventual fewer aircraft engines are required. Rolls-Royce – the manufacturer of aircraft engines closed its factories temporarily due to weak demand and cut benefits for its workers. This led to a strike. How does it help? Would it be better that the company shut, resulting in job losses or is it better to have jobs with lower pay? These are signs of really bad times and it demonstrates the link in the economy.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s