Engine maker Rolls-Royce cutting 2,600 jobs in restructuring
Rolls-Royce will reduce staff by 2,600 over next 18 months as part of restructuring focused on aerospace division
LONDON—Airplane engine-maker Rolls-Royce Holdings PLC says it will reduce its staff by 2,600 over the next 18 months as part of a restructuring focused on its aerospace division.
The group warned last month that the tough economic climate meant it would have to increase its focus on costs.
Chief executive John Rishton said the measures announced this week “will not be the last.”
The company employs more than 55,000 people in 45 countries, 22,000 of them in Britain.
Rolls-Royce North America Inc. has more than 7,000 employees at 66 locations across the United States and Canada, according to the company’s website.
It manufactures engines for civilian and military ships and aircraft, as well as turbines for power plants.
It is not affiliated with the automobile brand baring the same name, which is owned by Germany’s BMW AG.