--Rolls-Royce Holdings is set to axe about 4,000 jobs in the U.K. as part of a restructuring, Bloomberg says, citing people familiar with the matter.
--The job cuts are expected to yield yearly cost savings of about 300 million pounds to 400 million pounds ($400.8 million to $534.3 million), according to Bloomberg.
--The news may be announced later on Thursday, Bloomberg said.
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