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Rolls Royce to cut thousands of jobs

Rolls-Royce is expected to cut thousands of jobs as it launches a dramatic
turnaround plan to save costs. New chief executive Tufan Erginbilgic, who
has described the aero-engineering giant as a “burning platform” that
needs to reform to survive, has parachuted in consultants led by McKinsey
to advise on streamlining the company. Plans to merge departments could cut
10 per cent of the company’s approximately 30,000 non-manufacturing
staff, one consultancy source said. Part of the programme will involve
merging its non-manufacturing departments in each of Rolls’s civil
aerospace, defence and power systems divisions.

 Times 27th May 2023

https://www.thetimes.co.uk/article/rolls-royce-prepares-to-swing-the-axe-on-jobs-phlxmxbnk

May 29, 2023 - Posted by Christina Macpherson | business and costs, UK