Rolls-Royce is to cut 2,300 jobs, in part to help it cope with increasing costs and the impact of a weak US dollar.
The engine maker says in a statement that it is “entering into discussions with employees and their representatives with a view to improving productivity by reducing by up to 2,300 the number of managerial, professional and clerical staff working in the business”.
It says cuts will extend to “the UK, US, Germany, the Nordics and other countries where the relevant functions are located”, noting that “in the UK, the group will seek to secure the headcount reductions, wherever possible, through voluntary redundancy”.
“We are determined to create a leaner and more agile support structure, better suited to the global markets in which we operate,” says chief operating officer Mike Terrett.
“The investments we have already made in new management systems will help us deliver this simplified organisation. Rolls-Royce will continue to focus on ongoing cost reduction and productivity improvements as the business grows.”
Rolls-Royce says the reductions “focus on overhead and support functions”, adding that its actions will “help the group to mitigate external headwinds such as increasing raw material costs and the weak US dollar”.
As of late last year Rolls-Royce employed around 39,500 people in 50 countries.
Source: flightglobal.com's sister premium news site Air Transport Intelligence news
Source: FlightGlobal.com
