Sunday May 5, 2024 | Last Update: May 5, 2024 EDT
Rolls-Royce Holdings Plc is investing close to $600 million in the company’s facilities in Indianapolis to ensure that Indiana remains a leader in the aerospace industry for decades to come, according to a press release issued by Rolls-Royce. The investment is for the modernization of the manufacturing operations and to conduct technology research.
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Rolls-Royce Holdings Plc, a maker of jet engines, may be announcing a plan to cut 400 management jobs in its flagging marine division, people with knowledge of the matter told the Financial Times. The job cuts are the company’s attempt to increase the confidence in diversification strategy that is being challenged by investors.
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