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6/15, 5:39 AM (Source: TeleTrader.com)
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Rolls-Royce to surpass £1B in free cash flow by 2020 - report

Rolls-Royce Holdings plc is on its way to exceed the £1 billion mark in free cash flow in less than two years, Financial Times reported. The engineering company will reportedly announce the assessment at an investor meeting on Friday.

The news comes shortly after the engine maker said it plans to downsize the workforce by 4,600 people or more than 8% in the next two years, adding that the overhaul should save £400 million per year by 2020.

In May, the company said it would go "fully electric" by 2040.

Breaking the News / BM