4,600 jobs to be cut at Rolls-Royce

4,600 jobs are to go at Rolls-Royce over the next two years as part of a major restructuring drive aiming to save £400 million a year.

The company confirmed that 1,000 jobs will be lost at the headquarters in Derby and will happen this year.

In a statement, the company said around 1,500 jobs would be lost by the end of 2018, with more cuts due in 2019 and 2020.

Rolls-Royce said it was seeking to reduce the number of management roles, and that engineering jobs will also be affected.

We have made progress in improving our day-to-day operations and strengthening our leadership, and are now turning to reduce the complexity that often slows us down and leads to duplication of effort.

Warren East, Rolls-Royce Chief Executive

There was speculation in the Sunday Times that job cuts were looming as the company confirmed they had identified problems with another batch of its aeroplane engines - the Trent 1000.

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