{"id":73707,"date":"2023-10-17T16:40:20","date_gmt":"2023-10-17T20:40:20","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/rolls-royce-holdings-plans-worldwide-job-cuts-hundreds-of-uk-employees-potentially-affected\/"},"modified":"2023-10-17T16:40:22","modified_gmt":"2023-10-17T20:40:22","slug":"rolls-royce-holdings-plans-worldwide-job-cuts-hundreds-of-uk-employees-potentially-affected","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=73707","title":{"rendered":"Rolls-Royce Holdings plans worldwide job cuts, hundreds of UK employees potentially affected"},"content":{"rendered":"
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\u00a9 Reuters. <\/span>
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Rolls-Royce (OTC:) Holdings, the world’s second-largest aircraft engine manufacturer, is reportedly planning a significant reduction in its global workforce, which could affect hundreds of its UK employees. Sky News reported on Tuesday that the blue-chip engine maker intends to cut approximately 2,500 staff worldwide as part of a cost-reduction strategy implemented by CEO Tufan Erginbilgic.<\/p>\n

Since Erginbilgic’s appointment in January, Rolls-Royce has experienced a robust recovery. The company has managed to counteract inflationary pressures through tight management of its cost base. This latest move appears to be a continuation of that strategy, although the company has not yet responded to these reports.<\/p>\n

Earlier this year, a May report from the Sunday Times had forecasted that Rolls-Royce was planning to reduce its non-manufacturing staff by approximately 3,000. However, at the time, Rolls-Royce denied making any decisions concerning such workforce changes.<\/p>\n

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.<\/em><\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. Rolls-Royce (OTC:) Holdings, the world’s second-largest aircraft engine manufacturer, is reportedly planning a significant reduction in its global workforce, which could affect hundreds of its UK employees. Sky News reported on Tuesday that the blue-chip engine maker intends to cut approximately 2,500 staff worldwide as part of a cost-reduction strategy implemented by CEO […]<\/p>\n","protected":false},"author":1,"featured_media":3353,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-73707","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nRolls-Royce Holdings plans worldwide job cuts, hundreds of UK employees potentially affected | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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