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Rolls-Royce to cut 4,600 jobs, aims to save 400 million pounds a year

Rolls-Royce has 55,000 employees worldwide of which 26,000 are in Britain

Reuters  |  London 

Britain's Rolls-Royce said it would cut 4,600 jobs to save 400 million pounds a year in the latest attempt by CEO Warren East to simplify the business and generate more cash. East has been overhauling Rolls during his three years in charge of the engine-maker but the job cuts announced on Thursday come at a tricky time for a company which has been hit by problems with some aero-engines that has angered clients. Parts in some versions of the Trent 1000 engine which powers the Boeing 787 Dreamliner jet are not lasting as long as expected, forcing the company to ground planes to ...

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First Published: Thu, June 14 2018. 12:28 IST
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