Rolls-Royce Gets Union Backing for 700 Compulsory Job Cuts
Photographer: Simon Dawson/Bloomberg
This article is for subscribers only.
Rolls-Royce Holdings Plc has reached agreement with unions on up to 700 U.K. job cuts this year, with the rest of its planned downsizing made up by employees taking voluntary buyouts.
The company announced in June it planned to eliminate 3,000 U.K. jobs this year. While more than that number applied for voluntary severance, the company will still make enforced reductions in some areas, according to a spokeswoman.