Rolls-Royce soars to £1.6bn profit with cost cuts ‘well under way’
by PA Media from World news | The Guardian on (#6JT6P)
Engine-maker says it has made 150m of its 400m to 500m savings target, with up to 2,500 jobs to go
The British engine-maker Rolls-Royce has said cost-cutting plans that will result in it axing up to 2,500 jobs by the end of next year are well under way", as it swung to a 1.6bn underlying operating profit for 2023.
The aerospace engineering specialist's results for last year compared with 652m in 2022, helped by cost savings and better-than-expected revenues. Revenues jumped 22% to 16.5bn.
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