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Rolls Royce announces plans to cut 2,600 jobs

Rolls Royce said it plans to reduce its headcount by 2,600. Credit: Rui Vieira/PA Wire/Press Association Images

Rolls Royce said it plans to reduce its headcount by 2,600 over the next 18 months, mainly in its aerospace division.

The group, which has major bases at Bristol and Derby, warned last month that the tough economic climate meant it would have to increase its focus on costs, including through its headcount.

Chief Executive John Rishton said: "The measures announced today will not be the last, however they will contribute towards Rolls-Royce becoming a stronger and more profitable company."

Rolls Royce employs over 55,000 people in 45 countries.