Rolls Royce: Aircraft engine maker plans up to 2,500 job cuts worldwide | CNN Business

October 23, 2023October 22, 2023 ~ knjohn ~ Leave a comment

Aircraft engine maker Rolls-Royce will slash up to 2,500 jobs worldwide in a bid to streamline its operations and tackle years of underperformance.

Britain’s flagship engineering firm, which makes engines for Boeing (BA) and Airbus planes, said Tuesday that the cuts were part of a broader strategic overhaul to “remove duplication and deliver cost efficiencies.”

The restructure will lead to between 2,000 and 2,500 job losses from a global workforce of 42,000, a cut of around 6%. (Rolls-Royce is a separate company from Rolls-Royce Motor Cars, a wholly owned subsidiary of BMW. The two businesses bearing the Rolls-Royce name were part of the same firm until the 1970s.)

Rolls Royce plans summer shutdown to help cut losses | BBC News

February 8, 2021February 7, 2021 ~ knjohn ~ Leave a comment

Rolls Royce is considering a plan to close its jet engine plants for civil aircraft for two weeks in a bid to stem losses. The engineering giant has suffered a drop in sales with fewer jets in the air requiring servicing. The plans are tentative as the company aims to thrash out an agreement with unions. The plan, first disclosed by the Sunday Telegraph, will not affect its defence or energy divisions. “As part of the agreement reached with the union last summer we agreed in principle to enter into negotiations about delivering a 10% productivity and efficiency improvement across our Civil Aerospace operations in the UK,” Rolls Royce said in a statement.