Offshore

Rolls-Royce to slash thousands of jobs in latest restructuring

Engine giant Rolls-Royce, which has booked sizeable losses on its marine business in particular, will eliminate thousands of jobs in latest restructuring. The marine business is still under review for potential sale.
by Benjamin Katz, bloomberg

Rolls-Royce Holdings Plc will eliminate 4,600 jobs in Chief Executive Officer Warren East's biggest step yet to overhaul the UK jet-engine manufacturer and save more than half a billion dollars a year.

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