Rolls-Royce step up efficiency as they look to recover from profit warnings

Rolls-Royce step up efficiency as they look to recover from profit warnings
 

Warren East, the former boss of chip designer Arm Holdings brought in last year as chief executive to revive the aero-engine giant, admitted the immediate outlook was “mixed” as parts of the business continue to struggle.
But he signalled the transformation plan was bearing fruit as he told investors the company’s focus is increasingly towards supercharging shareholder value for years to come.
Scores of senior management roles have disappeared in a sweeping reorganisation of the group aimed at speeding up decision-making and responding more quickly to changing markets.
Rolls, which cut its... read more

 
16 November 2016 in Business, Views: 69
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