Rolls-Royce is cutting more than 200 management jobs. This happens after the company losses its chief executive attempts to turn around the British engineering giant.
The most recent episode in Rolls’ lengthy restructuring under Warren East, who was appointed as chief executive last year, was announced to staff last week.
Under Mr East and his predecessor John Rishton, the company has cut thousands of positions in the last two years an attempt to improve profit margins, and its restructuring efforts have shown signs of paying off, with Rolls reporting an unexpected profit in the first half of this year.
However, the chief executive has been clear that further savings remain on the agenda, with the company aiming to save between £150m and £200m a year.
"Last week we gave details of the latest stage of our transformation to our managers. This involves restructuring our management population and will result in a number of people leaving the business. This is part of our ongoing transformation programme, designed to remove complexity and cost by simplifying our processes and our structure," a spokesman said.
"The detail we have announced is part of a programme announced on November 12 2015 that we expect to generate incremental gross cost savings of between £150m and £200m a year with the full benefits from the end of 2017 onwards."
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