Engineering group Rolls-Royce has said it is planning to cut 2,600 jobs over the next 18 months.
It said most of the jobs would go in its aerospace division, with most of the posts being shed in 2015.
Last month, Rolls warned that its underlying revenues for 2014 would be 3.5-to-4% lower than expected.
Announcing the job cuts, chief executive John Rishton said: "We are taking determined management action and accelerating our progress on cost."
He added: "The measures announced today will not be the last, however they will contribute towards Rolls-Royce becoming a stronger and more profitable company."
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