Rolls-Royce has confirmed that its jobs in Barrow will be safe despite making huge losses last year.

The company made a loss of £4bn in 2020.

It has blamed the Covid-19 pandemic for the loss.

Rolls-Royce are currently working with BAE on the new Dreadnought class.

In May of last year, Rolls-Royce announced their plans to cut 9,000 jobs.

This equals almost a fifth of its global workforce.

However, the engine-makers have said their submarine domain will be unaffected by these plans.

They say their defence business has remained robust during the Covid-19 pandemic.

The company raised £7.3bn in debt and equity last year.