Jet engine maker Rolls-Royce says it’s slicing as much as 2,500 jobs globally as a part of a company overhaul that its new CEO is finishing up
ByThe Related Press
October 17, 2023, 7:20 AM
Jet engine maker Rolls-Royce mentioned Tuesday it is slicing as much as 2,500 jobs globally as a part of a company overhaul that its new CEO is finishing up.
The aerospace firm was hit laborious by the COVID-19 pandemic that decimated demand for air journey. Tufan Erginbilgic, who took over as chief government in January, mentioned the layoffs are geared toward making Rolls-Royce “extra streamlined and environment friendly.”
Rolls-Royce, based mostly in Derby, central England, did not disclose the place jobs might be lower, however round half of its 42,000-person workforce relies within the United Kingdom.
The cuts will take away duplication and produce price efficiencies within the newest stage of its “multi-year transformation,” the corporate mentioned.
“We’re constructing a Rolls-Royce that’s match for the long run,” Erginbilgic mentioned.
The corporate slashed 9,000 jobs globally in 2020 because it grappled with the collapse of air journey throughout the pandemic.
The brand new turnaround plan additionally contains creating a brand new company-wide procurement division that may make the most of Rolls-Royce’s dimension to chop prices and cut back provide chain delays.