Rolls-Royce to Reduce 2,500 Jobs to Extend Efficiency Drive
- Chief Technology Officer Vittadini to step down next year
- Analysts estimate cost savings of £200 million from cuts
A Rolls-Royce aircraft jet engine production and repair facility.
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Rolls-Royce Holdings Plc plans to eliminate as many as 2,500 positions worldwide and will streamline operations, enacting the deepest job cuts yet under Chief Executive Officer Tufan Erginbilgic.
The reductions will target 2,000 to 2,500 employees, or about 6% of the global staff, the company said in a regulatory statement, confirming reports of job losses late on Monday. As part of the corporate overhaul, Chief Technology Officer Grazia Vittadini will leave the company in April next year, Rolls-Royce said. She was in the position since Nov. 2021, having joined from Airbus SE.