Rolls-Royce Holdings Plc will eliminate about 4,000 jobs as the U.K. jet-engine manufacturer seeks to simplify its business and boost profit margins, according to people familiar with the matter.
The cuts will result in annual cost savings of about 300 million pounds to 400 million pounds ($400 million to $533 million), said the people, who asked not to be named discussing information that isn’t public. The measures will be announced as soon as Thursday, ahead of an investor presentation scheduled the following day, they said.
