Tag: employment cut

British engine maker Rolls-Royce cutting 4,600 jobs

LONDON, United Kingdom (AFP)–Rolls-Royce, the British maker of plane engines, said Thursday that it plans to cut 4,600 mainly British jobs by 2020, adding to thousands of cuts already announced in recent years. “Rolls-Royce announces the next stage in our drive for pace and simplicity with a proposed restructuring that will deliver improved returns, higher margins, and increased cash flow,” the group said in a statement. The London-listed company, whose engines are used in Airbus […]