The British group Rolls-Royce, specialized in aviation engines, will eliminate 2,500 jobs worldwide to reduce costs, the company announced in a statement on Tuesday.
This figure represents almost 6% of its global workforce, 42,000 people.
The job cuts are “the next stage of a multi-year transformation plan,” Rolls-Royce said.
“We are building a Rolls-Royce ready for the future. This means a simpler and more efficient organization,” said CEO Tufan Erginbilgic, quoted in the same note.
The restructuring foresees that engineering, technology and security will merge “into a single team.”
Rolls-Royce returned to profit in 2021, after a huge loss the previous year, when it suffered severely from the Covid-19 pandemic and its colossal impact on the aviation sector.
The group returned to negative results in 2022.
In August this year, the engine manufacturer announced a net profit of 1.2 billion pounds (1.4 billion euros) for the first half of the year, compared to a loss of 1.6 billion pounds (1.8 billion euros) in the same period of the previous year. , which was mainly due to a strong devaluation of exchange contracts with the rise of the dollar.
Source: TSF
