British aircraft-engine maker Rolls-Royce Holdings PLC, facing investor pressure to boost competitiveness, said it would shed 4,600 jobs even as it grapples with mounting problems with an engine powering Boeing Co. 787 Dreamliners.
The cuts announced Thursday, which represent 8.4% of the company’s 55,000 workforce, will be implemented out over the next 24 months, the company said. The job cuts are Rolls-Royce’s largest since October 2001 when the company shed 5,000 jobs in response to a downturn in the global economy after...