Cautious outlook for big aerospace groups despite contract wins [Business focus]

ROLLS-ROYCE´S recent announcement that it intends to cut 2,600 jobs over the coming 18 months will be a worry to its 24,000-strong workforce in the UK. Most of the jobs will go in the aerospace division, the company said, but it did not disclose where the axe would fall among its global operations, which employ 55,000 people worldwide.