BY AFP
He British industrial group Rolls-Roycewhich specializes in aircraft engines, will cut between 2,000 and 2,500 jobs worldwide to reduce production costs, the company announced in a statement on Tuesday.
The move to eliminate these positions, equivalent to 6% of the world’s workforce, from a workforce of 42,000, is included in the “next stage of a multi-year transformation plan,” Rolls-Royce wrote.
“We are building a Rolls-Royce brand that is ready for the future. This means a more agile and efficient organization,” said CEO Tufan Erginbilgic in a press release Tuesday.
The group has cut its workforce significantly, eliminating 9,000 jobs during the pandemicwhen the aviation sector was paralyzed.
Rolls-Royce returned to profit in 2021, after suffering significant losses the previous year when it suffered greatly from the pandemic, although it then fell back into the red in 2022.
In August this year, the machinery maker posted a group net profit of 1.2 billion pounds ($1,461 million) in the first half, compared with a loss of 1.6 billion ($1,948 million) in the same period last year.
Erginbilgic, who is a senior leader at BP and takes over the reins of Rolls-Royce in early 2023, had earlier in the year announced an ambitious transformation plan that sought to prioritize investment in the “most profitable opportunities”.
In addition to aircraft engines, the group is also launching new activity segments in parallel, such as a reactor development program for small nuclear power plants in the UK.
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