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WEKU
WEKU
The Associated Press

Rolls-Royce is cutting up to 2,500 jobs in an overhaul of the U.K. jet engine maker

RollsRoyce Tufan Erginbilgic Pandemic Covid-19 Derby England
A visitor takes a photo of the Rolls-Royce jet engine of the Airbus A350-1000 parked at the static display area during the Singapore Airshow on Feb. 7, 2018, in Singapore. (Yong Teck Lim/AP)

Jet engine maker Rolls-Royce said Tuesday it's cutting up to 2,500 jobs globally as part of a corporate overhaul that its new CEO is carrying out.

The aerospace company was hit hard by the COVID-19 pandemic that decimated demand for air travel. Tufan Erginbilgic, who took over as chief executive in January, said the layoffs are aimed at making Rolls-Royce "more streamlined and efficient."

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