Rolls-Royce to cut 4,600 jobs in latest CEO drive to generate cash


LONDON (Reuters) – Britain’s Rolls-Royce (RR.L) said it would cut 4,600 jobs to save 400 million pounds a year in the latest attempt by CEO Warren East to simplify the business and generate more cash.

FILE PHOTO: Warren East, CEO of Rolls-Royce, poses for a portrait at the company aerospace engineering and development site in Bristol, Britain December 17, 2015. REUTERS/Toby Melville/File Photo

East has been overhauling Rolls during his three years in charge of the engine-maker but the job cuts announced on Thursday come at a tricky time for a company which has been hit by problems with…



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