Rolls-Royce to cut thousands of jobs: Report says

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The Jet engine manufacturer Rolls-Royce is planning to layoff thousands of its workers to streamline its operations, The Times has reported. The luxury car manufacturer has hired consultants led by McKinsey & Co. to advise on the same, the report said.

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The Jet engine manufacturer Rolls-Royce is planning to layoff thousands of its workers to streamline its operations, The Times has reported. The luxury car manufacturer has hired consultants led by McKinsey & Co. to advise on the same, the report said.

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The company is considering to layoff 3,000 non-manufacturing staff from its global workforce, the report said.

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The company is considering to layoff 3,000 non-manufacturing staff from its global workforce, the report said.

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As part of the programme, the company plans to merge the non-manufacturing departments in each of Rolls’s civil aerospace, defence and power systems divisions, the report added.

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As part of the programme, the company plans to merge the non-manufacturing departments in each of Rolls’s civil aerospace, defence and power systems divisions, the report added.

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“We are working at pace on our transformation across a number of work streams and only one part of one of those work streams is about realizing organizational efficiencies,\" Bloomberg  reported citing Rolls-Royce spokesperson.

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“We are working at pace on our transformation across a number of work streams and only one part of one of those work streams is about realizing organizational efficiencies,\" Bloomberg  reported citing Rolls-Royce spokesperson.

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“We have made no decisions whatsoever on any potential impact on employees and any suggestion otherwise is pure speculation’, the report further added citing the spokesperson.

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“We have made no decisions whatsoever on any potential impact on employees and any suggestion otherwise is pure speculation’, the report further added citing the spokesperson.

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The report further said Rolls-Royce’s headquarters is likely to be hit hardest by the cuts as most of its back-office administration functions are based in the city. 

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The report further said Rolls-Royce’s headquarters is likely to be hit hardest by the cuts as most of its back-office administration functions are based in the city. 

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Rolls-Royce CEO Tufan Erginbilgic has initiated a transformation program at the manufacturer, including some key management changes. 

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Rolls-Royce CEO Tufan Erginbilgic has initiated a transformation program at the manufacturer, including some key management changes. 

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