Rolls-Royce chief to axe 2,500 jobs in cost-cutting drive

Rolls-Royce is cutting up to 2,500 jobs in an overhaul of the U.K. jet engine maker

The aerospace company was hit hard by the COVID-19 pandemic that decimated demand for air travel. Rolls-Royce, based in Derby, central England, didn't disclose where jobs will be cut.

Rolls-Royce axes up to 2,500 workers in a bid to become ‘more streamlined and efficient’

ENGINEERING giant Rolls-Royce is axing up to 2,500 workers in a bid to become “more streamlined and efficient” under its new boss. The aircraft engine-maker has 42,000 staff worldwide, with around half of them in England — largely based at its Derby headquarters. Rolls RoyceRolls-Royce is axing up to 2,500 workers in a bid to become ‘more streamlined and efficient’[/caption] Rolls has 13,700 in Derby, 3,400 in Bristol, and more in smaller bases …

Engine maker Rolls-Royce to axe up to 2,500 jobs

LONDON — Rolls-Royce, the British manufacturer of aircraft engines, said on Tuesday it plans to axe up to 2,500 jobs worldwide, or about six per cent of its staff, to further slash costs. "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…

Rolls-Royce cutting up to 2,500 jobs to improve efficiency

Rolls-Royce is reducing its global staff by 2,000 to 2,500 employees to create a more agile business, the company, which employs 6,000 Americans, said on Tuesday.

Rolls-Royce job cuts 'about appeasing shareholders', says union

Up to 2,500 jobs could go in the company restructure

The British aircraft engine manufacturer is only slowly coming out of the crisis. Group CEO Tufan Erginbilgiç is now announcing a tough austerity policy.