(Reuters) – British aero-engine maker Rolls-Royce Holdings Plc (RR.L) is planning to slash up to 8,000 jobs, the Financial Times reported here on Friday.

Senior executives at Rolls-Royce have started work on a restructuring plan, which would shrink the company’s workforce of 52,000 by up to 15%, according to several people inside the company, the report said.

Rolls-Royce did not immediately respond to a Reuters request for comment.

Reporting by Maria Ponnezhath in Bengaluru; Editing by Vinay Dwivedi

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