On Tuesday, aircraft engine maker Rolls-Royce announced it will be cutting approximately 2,500 jobs across its international facilities in the near future.
The slashes will affect approximately 6% of Rolls-Royce’s global workforce of 42,000.
The company said the layoffs come as Rolls-Royce looks to “remove duplication and deliver cost efficiencies.”
“We are building a Rolls-Royce that is fit for the future,” said Rolls-Royce CEO Tufan Erginbilgic. “That means a more streamlined and efficient organization that will deliver for our customers, partners and shareholders.”