As first reported by Sky News, aero-engine group Rolls-Royce is to give a one-off payment of £2,000 to 14,000 of its UK employees to help with the rising cost of living. In addition to the lump sum, Rolls-Royce will also offer a 4% pay rise backdated to March to 11,000 shopfloor workers. Rolls-Royce, which is […]
Rolls-Royce’s announcement came as the company returned to profit last year after meeting its restructuring targets a year sooner than anticipated. In 2020, Rolls-Royce saw a $4 billion loss compared to a profit of £124 million in 2021. Despite today’s crash for Rolls-Royce shares, analysts say the stock has recovered well since October 2020, when […]
The British company, Rolls-Royce Aerospace, had been working on a battery-electric aircraft for a long time now. And in September, their first plane called the Spirit of Innovation took to the skies for the first time. Although the test flight lasted for only 15-minutes, it set the ball rolling for what was to come. Two […]
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