Home » News » Rolls-Royce to Cut Thousands of Jobs to Reduce Costs in Transformation Plan

Rolls-Royce to Cut Thousands of Jobs to Reduce Costs in Transformation Plan

The British industrial group Rolls-Roycespecialized in aircraft engines, will cut between 2,000 and 2,500 jobs around the world, to reduce costs, the firm announced yesterday in a statement.

The measure to eliminate these positions, equivalent to up to 6% of its workforce in the world, of a workforce of 42 thousand people, falls within “the next stage of a multi-year transformation plan,” he specified. Rolls-Royce.

“We are building a future-proof Rolls-Royce brand. This means a more agile and efficient organization,” said the general director, Tufan Erginbilgic.

The group had already significantly cut its workforce, eliminating 9,000 jobs during the pandemic, when the aviation sector was paralyzed.

Rolls-Royce returned to profit in 2021, after a significant loss the previous year, when it suffered greatly from the pandemicalthough it then fell back into the red in 2022.

In August, the engine manufacturer published a group net profit of 1,200 million pounds (1,461 million dollars) in the first half, compared to a loss of 1,600 million (1,948 million dollars) in the same period. from the previous year.

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2023-10-18 09:16:59
#RollsRoyce #goodbye #employees #Hours

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