Rolls-Royce to cut 4,600 jobs in bid to save £400m

14,000 people are employed by Rolls-Royce in Derby
Rolls-Royce has confirmed this morning that it is to axe 4,600 jobs in a bid to save £400m by the end of 2020. Derby, it is thought, will be particularly hard hit by the job losses, which Rolls-Royce bosses say will lead to a "simpler, leaner and more agile organisation". The company says the move is designed to reduce management layers. The jobs will be mostly axed in the UK, with around a third of the job cuts expected to happen by the end of this year. Rolls-Royce said this morning that there will be no compulsory redunda... For the full story register now for free or login below...