Rolls-Royce is facing a bill upwards of £750m after its flagship Trent engines
Embattled engineer Rolls-Royce has banned all but essential staff travel as it faces massive bills to fix faults in its high- tech airplane engines.
Boss Warren East has urged staff to swap face-to-face meetings for teleconferences where possible and asked them to find ‘any way to reduce indirect costs’.
The firm is facing a bill upwards of £750million after its flagship Trent engines, which are used by airlines all over the world, started deteriorating faster than expected.
It was revealed last week that Rolls-Royce, which has already axed hundreds of managers, could also quit its plush headquarters in central London as it seeks to save cash.