Rolls-Royce is cutting up to 2,500 jobs worldwide

British engine maker Rolls-Royce wants to cut up to 2,500 jobs worldwide to cut costs.

This corresponds to about 6 percent of the global workforce of about 42,000 employees.

The job cuts are “the next phase of a multi-year transition,” so Rolls-Royce in a statement issued on Tuesday.

“We are creating a Rolls-Royce fit for the future,” CEO Tufan Erginbilgic said in the statement, “that means a leaner and more efficient organization that delivers value to our customers, partners and shareholders.”

The reforms unveiled on Tuesday include merging the engineering, technology and security departments into one team.

Rolls-Royce returned to profitability in 2021 after incurring huge losses the previous year. The manufacturer suffered greatly due to the COVID-19 pandemic and its significant impact on the aerospace industry.

In 2022, the group slipped back into the red.

In August this year, the engine manufacturer announced a net profit (group share) of £ 1.2bn (€ 1.38bn) for the first half, compared to a loss of £ 1.6bn in the same period last year, which is particularly worthy. the decrease in the value of foreign currency contracts due to the increase in the dollar exchange rate.

Erginbilgic, who took over at Rolls-Royce in early 2023, launched an ambitious restructuring plan earlier this year that includes a strategic review to focus investment “on the most profitable opportunities.”