Rolls Royce Says No Decisions Yet About Workforce Change After Report of Cuts
Rolls-Royce, the British engine manufacturer, has not made any decisions regarding changes to its workforce, according to a company spokesperson.
The statement was in response to a report in the Sunday Times suggesting that the company was planning to cut around 3,000 non-manufacturing staff.
The report also mentioned that Rolls-Royce CEO Tufan Erginbilgic has enlisted consultants, led by McKinsey, to provide advice on streamlining the company.
As part of the program, the report stated that non-manufacturing departments within Rolls-Royce’s civil aerospace, defence, and power systems divisions could be merged.
In response to the report, a spokesperson for Rolls-Royce emphasized that no decisions had been made regarding the potential impact on employees and dismissed any suggestions as pure speculation.
Tufan Erginbilgic, who assumed the role of CEO at Rolls-Royce in January, has previously referred to the company as a “burning platform” that needs to enhance cash generation, reduce debt, and make investments for the future.
Erginbilgic initiated a strategic review of the company, and the findings are expected to be reported in the second half of 2023.
