Rolls-Royce, a British aviation engine manufacturer, announced on Tuesday that it expects to cut up to 2,500 positions worldwide, or around 6% of its workforce. The firm said in a statement that “it is estimated that 2,000-2,500 roles will be removed globally” as part of “plans for a simpler, more streamlined organization.” Tufan Erginbilgic, who took over as CEO at the beginning of the year, stated that the corporation was “building a Rolls-Royce that is fit for the future.”That translates into a more… efficient organization that will provide value to our customers, partners, and shareholders.”
Rolls-Royce announced a first-half net profit of £1.2 billion ($1.5 billion) in August
The statement said the latest restructuring would “help Rolls-Royce build enhanced capabilities in key areas such as procurement and supply chain management, ensuring they are as strong as the company’s engineering and technical excellence”. Previous CEO Warren East had cut more than 9,000 positions and began a big divestiture program in 2020 in order to avoid potentially disastrous pandemic effects across the aviation industry. Rolls-Royce announced a first-half net profit of £1.2 billion ($1.5 billion) in August, compared to a loss after tax of £1.6 billion the previous year. Erginbilgic, a dual British and Turkish national, worked at BP for more than 20 years.
