Rolls-Royce CEO cuts 4,600 jobs
LONDON
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 has overhauled the 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 marks the biggest round of job cuts since the company was forced to retrench during the aviation crisis that followed the 9/11 attacks in the U.S. in 2001.