Rolls-Royce announced today that it expects to shed up to 2,300 positions as it seeks to simplify the organisation of management, professional and clerical staff.
Rolls-Royce claims the cuts are designed to improve efficiency and competitiveness.
The company expects to make the cuts in the UK, US, Germany, the Nordics and other countries where Rolls-Royce has a presence. In the UK, the Rolls-Royce will seek to secure headcount reductions through voluntary redundancy.
‘We are determined to create a leaner and more agile support structure, better suited to the global markets in which we operate,’ said Mike Terrett, Rolls-Royce chief operating officer. ‘The investments we have already made in new management systems will help us deliver this simplified organisation. Rolls-Royce will continue to focus on ongoing cost reduction and productivity improvements as the business grows.’
Rolls-Royce added in a statement that the restructuring will have no impact on the group’s 2007 financial performance and that the costs associated with this exercise will largely be balanced by savings achieved in the course of the year.