INDIANAPOLIS - Rolls-Royce announced Thursday it will cut more than 400 jobs from its global defense business, with most of those cuts coming from Indianapolis.
The company said in a press release the cuts are necessary to increase efficiency and "drive further improvements in the affordability of its products."
The job cuts will come from Rolls-Royce locations in the UK and Central Indiana, where the company currently employees around 4,600 workers at 12 sites.
Rolls-Royce Defense President Tom Bell said the company will offer "full support" to employees and seek to "avoid compulsory redundancies wherever possible."
"While it is never an easy decision to make reductions in our workforce, it is a sign of the increasingly competitive market in which we operate that such actions are necessary to ensure we can drive new business," Bell said. “We are striking a balance between the need to reduce our costs and the size our business for today’s market, while ensuring we retain the right mix of skills and innovation to meet future customer demands.”
Rolls-Royce says it will offer voluntary severance packages for workers, though layoffs may be necessary.