Rolls-Royce To Cut Nearly 2500 Jobs For "More Streamlined" Organisation
NDTV
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 fit for the future.
Rolls-Royce, the British manufacturer of aircraft engines, said Tuesday it plans to axe up to 2,500 jobs worldwide, or about 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 fit for the future.
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