Rolls-Royce to cut 4,600 jobs in bid to save £400m
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... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...