Engines giant Rolls-Royce is to cut 2,600 jobs over the next 18 months as part of a restructuring that will mainly impact its aerospace operation.
The group, which has major bases at Bristol and Derby, warned last month that the tough economic climate meant it would have to increase its focus on costs, including through its headcount.
Chief executive John Rishton said: “The measures announced today will not be the last, however they will contribute towards Rolls-Royce becoming a stronger and more profitable company.”
Rolls-Royce employs over 55,000 people in 45 countries. Over 17,000 of these are engineers.