Rolls-Royce boss Warren East axes 4,600 desk jobs in bid to save £400m per year



Rolls-Royce boss Warren East slammed the firm’s financial performance as ‘abysmal’ as he axed 4,600 jobs in a bid to save £400million per year.
Middle managers and office staff are being axed in the engineer’s biggest round of job cuts in almost two decades.
About 3,000 jobs are expected to go in the UK, about 13 per cent of its total staff, with its headquarters in Derby the worst affected.
It comes on top of 2,000 marine division roles and 800 managers chopped since East took over in 2015 and set about trying to turn around the business.
Consultancy firm Alvarez & Marsal has been... read more

 
14 June 2018 in Business, Views: 71
Source: Daily Mail
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