LONDON: Rolls-Royce, the British aircraft engine manufacturer, said on Tuesday it plans to axe up to 2,500 jobs worldwide, or around six percent of its staff.
“It is estimated that 2,000-2,500 roles will be removed globally” under “plans for a simpler, more streamlined, organisation”, the group said in a statement.
Chief executive Tufan Erginbilgic, who began restructuring the group on taking the helm at the start of the year, said the company was building a Rolls-Royce that is well-suited for the future.
The statement further said that 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 axed more than 9,000 jobs and launched a major divestment programme in 2020 to navigate damaging pandemic fallout within the aviation industry.
In a quick turnaround under its new leadership, Rolls Royce in August posted a first-half net profit totalling £1.2 billion ($1.5 billion), compared with a loss after tax of £1.6 billion the previous year.
Erginbilgic, who holds dual UK and Turkish nationalities has worked at energy major BP for more than 20 years.
—AFP/APP
