Rolls-Royce denies media reports, says no plans for job reductions
Media reports had said that Rolls-Royce would cut 4,600 jobs primarily in the UK as part of a plan to simplify its business.
Jun 15, 2018, 12:06 PM IST
Rolls-Royce to cut 4,600 jobs to save 400 million pounds a year
The company said the job cuts and overhaul of its business would cost it 500 million pounds and they would be spread across 2018, 2019 and 2020, and would be reported as separate one-off costs, allowing it to stick to its targets for free cash flow.
Jun 14, 2018, 11:56 AM IST
Britain's Rolls-Royce posts record reported loss
British aero engine maker Rolls-Royce posted a record reported loss of 4.6 billion pounds ($5.8 billion) on Tuesday, reflecting a fine to settle bribery charges and the collapse in the pound which hit its hedging position.
Feb 14, 2017, 13:11 PM IST
