(CercleFinance.com) – If Rolls Royce says it is ‘encouraged’ by the continuous progress of vaccination programs that should lead to the medium-term recovery of activity, the manufacturer points to the uncertainties generated in the short term by the various variants of the coronavirus .
With around £ 9bn in cash, however, the automaker says it believes it is well positioned for the future and remains’ focused on completing the restructuring program ‘and’ maintaining cost control and discipline of capital. ‘
Rolls Royce recalls having cut around 7,000 jobs in 2020, ‘making good progress towards the goal of cutting at least 9,000 jobs by the end of 2022.’ This ‘restructuring will be a key factor in our goal of generating at least £ 750million in free cash flow (excluding disposals) by 2022, subject to the expected resumption of flights’, Rolls Royce concludes.
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