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Rolls-Royce CEO cuts 4,600 jobs to boost profitability

Reuters  |  LONDON 

By Sarah YoungLONDON (Reuters) - Rolls-Royce is to cut 4,600 jobs over two years in the latest attempt by boss Warren East to cut costs and make Britain's best known engineering company more profitable and dynamic.East, a softly-spoken former tech boss, has overhauled the 134-year-old Rolls since he took charge in 2015 but the new cuts come as the group grapples with an aero-engine problem that has grounded planes and angered clients.The announcement, which is not linked to the Trent 1000 engine issue, marks the biggest round of job cuts since the company was forced to retrench during the ...

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First Published: Thu, June 14 2018. 14:06 IST
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