2023-10-17 09:29:15
By Le Figaro with AFP
Published 52 minutes ago, Updated now
Tufan Erginbilgic, le PDG de Rolls-Royce. ROLLS-ROYCE / REUTERS
After drawing up a mixed assessment for 2022, the CEO of the British engine manufacturer Tufan Erginbilgic is trying to right his ship.
The British industrial group Rolls-Royce, specializing in aircraft engines, will cut up to 2,500 jobs worldwide to reduce its costs, it announced Tuesday in a press release. This figure represents almost 6% of its global workforce, or 42,000 people. The 2000 to 2500 positions that will be eliminated are “the next stage (of a) transformation plan that runs over several years», writes Rolls-Royce.
«We are building a Rolls-Royce ready for the future. This means a leaner and more efficient organization“, commented general manager Tufan Erginbilgic. The restructuring unveiled Tuesday plans to bring together the engineering, technology and security functions “in one team».
A major transformation plan announced
Rolls-Royce returned to profit in 2021 after a significant loss the previous year, when it suffered greatly from the pandemic and its colossal impact on the aviation sector. Then the group fell heavily into the red again in 2022.
In August this year, the engine manufacturer published a net profit group share of 1.2 billion pounds for the first half, compared to a loss of 1.6 billion over the same period a year earlier, which was notably explained by by a heavy devaluation of foreign exchange contracts with the surge in the dollar.
Tufan Erginbilgic, who took the reins of Rolls-Royce at the start of 2023, detailed an ambitious transformation plan at the start of the year, which notably includes a strategic review in order to prioritize investments “towards the most profitable opportunities».
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