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The company, one of the world’s main producers of jet engines for airliners, said it was cutting its forecast for production for widebody plane engines this year and taking steps to save 1 billion pounds in costs.
It will consult with trade unions on any layoffs.
One of Britain’s most historic industrial names, Rolls was trying to emerge from a multi-year turnaround plan when the coronavirus crisis hit the air industry this year.
In line with thousands of British companies, it said it had furloughed 4,000 staff in the UK and now expected to deliver around 250 widebody engines in 2020, down from its prior forecast of 450.