Job cuts to cost Rolls-Royce £500m
Rolls-Royce has said that it will cost £500m to make the 4,600 job cuts it announced yesterday (14 June), but that it is a part of a mid-term plan to deliver "increased cash flow".
The firm will tell analysts today that the cuts will be completed by the end of 2020 and will result in cost-savings around £400m a year.
Chief executive Warren East said: "After a decade of significant investment we are committed to delivering significantly improved returns while continuing to invest in the innovation needed to realise our long-ter... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
