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Damning critique of Rolls Royce

The new chief executive of Rolls-Royce has delivered another damning
critique of its performance, saying that one of its core divisions has been
“grossly mismanaged”. Tufan Erginbilgic, 63, took the top job at the
aerospace and engineering group at the start of this year and weeks later
infamously described the group as a “burning platform”. In his latest
broadside, the former BP executive took aim at the performance of its power
systems division, which makes diesel and gas engines for use in
superyachts, trains and mining lorries, and for back-up power generation.

 Times 22nd May 2023

https://www.thetimes.co.uk/article/rolls-royce-core-division-has-been-mismanaged-says-tufan-erginbilgic-nf2g7nbbm

May 23, 2023 - Posted by Christina Macpherson | business and costs, UK