![](https://media.business-review.eu/unsafe/420x250/smart/filters:contrast(5):quality(80)/business-review.eu/wp-content/uploads/2018/06/rolls-royce.jpg)
Britain’s best known engineering company, Rolls-Royce, is looking to cut more than 4,000 jobs this week, according to Reuters.
The company has just announced that a costly compressor problem that had grounded Boeing planes had now been found in a different type of engine.
On Friday, the group will host a capital markets day where, according to a person familiar with the situation, it will announce more than 4,000 job cuts, mostly in Britain and affecting support and management roles.
Rolls-Royce, which employs 50,000 people in 50 countries, is also expected to set out how it will make a return on the investment made in recent years and the expected drivers of cash flow beyond its medium-term horizon.
Photo: dreamstime.com