Rolls-Royce cutting up to 2,500 jobs in an overhaul of the UK jet engine maker
Jet engine maker Rolls-Royce says it’s cutting up to 2,500 jobs globally as part of a corporate overhaul that its new CEO is carrying out Jet engine maker Rolls-Royce said Tuesday it's cutting up to 2,500 jobs globally as part of a corporate overhaul that its new CEO is carrying out. The aerospace company was hit hard by the COVID-19 pandemic that decimated demand for air Travel . Tufan Erginbilgic, who took over as chief executive in January, said the layoffs are aimed at making Rolls-Royce “more streamlined and efficient." Rolls-Royce, based in Derby, central England, didn't disclose where jobs will be cut, but around half of its 42,000-person workforce is based in the United Kingdom. The cuts will remove duplication and bring cost efficiencies in the latest stage of its “multi-year transformation," the company said. “We are building a Rolls-Royce that is fit for the future," Erginbilgic said. The company slashed 9,000 jobs globally in 2020 as it grappled ...