Rolls Royce cuts 9,000 jobs and warns recovery from pandemic will take years – BBC News

Rolls Royce, one of the greatest names in British engineering is to cut 9,000 jobs, a fifth of its global workforce, most of them in the UK. The company, whose main business is making aircraft engines, has warned that it will take several years for the industry to recover from the impact of coronavirus. Thousands … Read more Rolls Royce cuts 9,000 jobs and warns recovery from pandemic will take years – BBC News

Rolls-Royce to cut 9,000 jobs in Covid-19 downturn

Rolls-Royce plans to axe at least 9,000 jobs – almost a fifth of its workforce – as it grapples with an “unprecedented” slump in demand caused by the coronavirus pandemic. Chief executive Warren East warned that most of the cuts could fall in the UK as it embarks on a “major reorganisation”. The FTSE 100 … Read more Rolls-Royce to cut 9,000 jobs in Covid-19 downturn

Coronavirus: Rolls-Royce to cut 9,000 jobs

The engine maker said the coronavirus crisis was having a big impact on its business due to the collapse in air travel. But CEO Warren East would not say how many UK jobs would go. Rolls-Royce employs about 16,000 staff in its civil aerospace unit in the UK – most of them in Derby. There … Read more Coronavirus: Rolls-Royce to cut 9,000 jobs

Record fall in greenhouse gas emissions due to coronavirus lockdown – BBC News

One positive effect of the coronavirus pandemic has been on the environment. It’s led to the biggest ever reduction in the volume of carbon dioxide released into the world’s atmosphere. At the height of the lockdown scientists say that daily emissions around the world dropped by almost a fifth. The biggest fall was in China, … Read more Record fall in greenhouse gas emissions due to coronavirus lockdown – BBC News

Uber Cuts 3,000 More Jobs, Closes Offices Amid Pandemic Revamp

May.18 — Uber Technologies Inc. eliminated an additional 3,000 jobs on Monday, is closing dozens of offices around the world and is shutting down many of its side projects in an effort to weather the coronavirus pandemic that has devastated the ride-hailing business. Bloomberg’s Lizette Chapman reports on “Bloomberg Technology.”

Uber Cuts 3,000 More Jobs, Closes Offices in Pandemic Revamp

Uber Technologies Inc. is slashing another 3,000 jobs and closing dozens of offices, the company said Monday, part of a series of dramatic moves intended to shore up a business that has been gutted by the coronavirus. The latest round of job cuts come on top of the dismissal of 3,700 employees in customer support … Read more Uber Cuts 3,000 More Jobs, Closes Offices in Pandemic Revamp

Coronavirus warning: steep cuts to local services without emergency funding – BBC News

Leaders of some of the biggest councils in England have appealed to the government for emergency financial support to prevent them becoming insolvent during the pandemic. The County Councils Network says that without a £5bn income guarantee, many non- essential services will have to be cut. There could also be an impact on care providers … Read more Coronavirus warning: steep cuts to local services without emergency funding – BBC News

ASX rallies on Wall St bounce, energy stocks lead the way on oil supply cuts | ABC News

The Australian share market rallied after gains on Wall Street that were fuelled by a surprise Saudi oil-production cut and a steep rise in crude prices. Read more here: https://www.abc.net.au/news/2020-05-15/asx-rallies-on-wall-st-bounce-back/12251760?section=business For more from ABC News, click here: https://ab.co/2kxYCZY You can watch more ABC News content on iview: https://ab.co/2OB7Mk1 Subscribe to us on YouTube: http://ab.co/1svxLVE Go … Read more ASX rallies on Wall St bounce, energy stocks lead the way on oil supply cuts | ABC News

As Law Firms Cut Costs, Big Law Experts Mixed on Future

The economic fallout of the Covid-19 crisis has reached America’s top grossing law firms. In response, many firms have acted quickly to protect their bottom line by instituting pay cuts and reducing partner draws; some have laid off or furloughed staff. In this video, Bloomberg Law’s Meghan Tribe and legal industry experts assess the impact … Read more As Law Firms Cut Costs, Big Law Experts Mixed on Future

Aerospace in crisis: Safran boss warns of job cuts, need for bailout

The CEO of French aerospace giant Safran has warned of major job cuts in the coming months, and the need for a bailout of the aerospace industry because of the plunge in travel during the coronavirus crisis. Some 45 percent of the company’s revenue is earned directly from airlines. Philippe Petitcolin told FRANCE 24: “This business… has … Read more Aerospace in crisis: Safran boss warns of job cuts, need for bailout

Aerospace industry in need of bailout to recover from Covid-19 crisis, Safran’s CEO tells FRANCE 24

Industry giant Safran said the aerospace industry will need a government bailout to survive the Covid-19 crisis, as the company saw its business plummet during the coronavirus crisis. Its CEO, Philippe PetitColin told FRANCE 24 that significant job cuts are inevitable and a government support in addition to the current temporary unemployment scheme will be … Read more Aerospace industry in need of bailout to recover from Covid-19 crisis, Safran’s CEO tells FRANCE 24

Commuters raise coronavirus concerns about crowded trains | ABC News

Commuters fear their health is being put at risk on Adelaide’s crowded public transport network, prompting a warning from authorities to avoid busy trains, trams and buses. Read more here: https://www.abc.net.au/news/2020-05-14/coronavirus-fears-on-packed-adelaide-trains-after-service-cuts/12246606 For more from ABC News, click here: https://ab.co/2kxYCZY You can watch more ABC News content on iview: https://ab.co/2OB7Mk1 Subscribe to us on YouTube: http://ab.co/1svxLVE … Read more Commuters raise coronavirus concerns about crowded trains | ABC News

Do Not Play: Decifer’s “Prius” (The Tonight Show: At Home Edition)

Jimmy reaches out to The Roots in quarantine to highlight some deep cuts you might want to avoid, like a country tune by an unknown artist called “Hot Summer Nights.” Subscribe NOW to The Tonight Show Starring Jimmy Fallon: http://bit.ly/1nwT1aN Watch The Tonight Show Starring Jimmy Fallon Weeknights 11:35/10:35c Get more The Tonight Show Starring … Read more Do Not Play: Decifer’s “Prius” (The Tonight Show: At Home Edition)