1.In July 2020, MTU Aero Engines announced it would cut its workforce by up to 15 percent by the end of 2021 2.The cuts are in response to the impact of the COVID-19 pandemic on international aviation 3.A cautious is recovery is just beginning for MRO services 4.Aircraft production rates cut as air travel ground to a near halt, with the earliest return to pre-pandemic levels forecast for 2023.
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