Rolls-Royce Holdings (RR.L) is set to axe about 2,500 staff as soon as Tuesday as part of a cost-cutting drive by its new chief executive, Sky News reported on Monday.
The job cuts will be distributed across the engine maker’s global operations and are likely to affect hundreds of UK staff, the report said citing people familiar with the matter.
Rolls-Royce did not immediately respond to a request for comment.