Rolls-Royce to lay off 9,000 workers
British engine manufacturer seeking €1.45bn in savings as air travel collapses
British engine manufacturer seeking €1.45bn in savings as air travel collapses
Company withdraws 2020 financial guidance and suspends 2019 final dividend
Rolls rises the most in 18 months and is biggest mover on Europe’s top 600 stocks
Cutbacks will save the engine-maker €454m a year by the end of 2020
Carmaker to continue with cost-cutting strategy, adopted as part of the turnaround
Shares in maker of aircraft engines surge 10%
£4.6bn loss-making group maintains final dividend payment at last year’s 7.1p a share
London Briefing: End to uncertainty cheers market, despite firm’s £671 million penalty
Chief executive Warren East has embarked on a drive to turn around the group
Warren East has axed more than 600 management jobs since taking the helm
Chief Warren East has already culled more than 600 but engine firm is still under pressure
Company plunged into crisis as tumbling oil price undermines sales of engines
Analysts fear new boss will not pay dividend until financial position improves
Worries centre on prospects for group’s 21,300 employees and plans to shift more production to low-cost countries.
Crosswords & puzzles to keep you challenged and entertained
How does a post-Brexit world shape the identity and relationship of these islands
Inquests into the nightclub fire that led to the deaths of 48 people
Weddings, Births, Deaths and other family notices