Aeroengine maker Rolls-Royce announced on Tuesday that it will be cutting nearly 2,500 jobs as part of a plan to streamline its operations. The company said the cuts will be made across all levels of the business and will affect employees in the UK and around the world.
Rolls-Royce, a company that makes engines for airplanes, has announced a plan to cut up to 2,500 jobs worldwide. This decision is aimed at making the company work better and save money.
This move is the first big change made by Tufan Erginbilgic, who became the CEO in January. He said that Rolls-Royce was in a tough situation and needed to change.
The company is based in Derby, UK, and has 42,000 employees all over the world. About half of them work in the UK. During the pandemic, when air travel was stopped for many months, Rolls-Royce faced a lot of difficulties.
The company didn’t say exactly where the job cuts will happen. But there are reports that hundreds of jobs in the UK might be affected. Rolls-Royce will talk with workers’ unions before making final decisions.
In Derby, where 13,700 people work for the company, and in Bristol, where 3,400 are employed, changes will be made to become more efficient.
Difficult Year For The Brand
Rolls-Royce explained that they need to make these changes to save money and work better. They want to become a company that is ready for the future and can do well for their customers, partners, and shareholders.
During the Covid pandemic, RR had a tough time and had to borrow a lot of money to keep going. In 2020, they had to let go of 9,000 workers.
As part of the new plan, Rolls-Royce will bring together different teams that work on technology and safety. The person in charge of technology, Grazia Vittadini, will step down from her role.
They also want to improve how they buy things and manage their supply chain to save money. The teams that take care of money, legal matters, and human resources will also work together more closely.
Mr. Erginbilgic said, “This is another step in our plan to make Rolls-Royce a better and stronger company that can grow and succeed for many years to come.”