Engine-maker says it has made £150m of its £400m to £500m savings target, with up to 2,500 jobs to go
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The British engine-maker Rolls-Royce has said cost-cutting plans that will result in it axing up to 2,500 jobs by the end of next year are “well under way”, as it swung to a £1.6bn underlying operating profit for 2023.
The aerospace engineering specialist’s results for last year compared with £652m in 2022, helped by cost savings and better-than-expected revenues. Revenues jumped 22% to £16.5bn.
Continue reading…Engine-maker says it has made £150m of its £400m to £500m savings target, with up to 2,500 jobs to goBusiness live – latest updatesThe British engine-maker Rolls-Royce has said cost-cutting plans that will result in it axing up to 2,500 jobs by the end of next year are “well under way”, as it swung to a £1.6bn underlying operating profit for 2023.The aerospace engineering specialist’s results for last year compared with £652m in 2022, helped by cost savings and better-than-expected revenues. Revenues jumped 22% to £16.5bn. Continue reading…