{"id":30982,"date":"2023-10-17T19:58:22","date_gmt":"2023-10-17T19:58:22","guid":{"rendered":"https:\/\/prosfunds.com\/markets\/stocks\/rolls-royce-to-cut-2500-jobs-in-cost-cutting-drive-sky-news\/"},"modified":"2023-10-17T19:58:23","modified_gmt":"2023-10-17T19:58:23","slug":"rolls-royce-to-cut-2500-jobs-in-cost-cutting-drive-sky-news","status":"publish","type":"post","link":"https:\/\/prosfunds.com\/?p=30982","title":{"rendered":"Rolls-Royce to cut 2,500 jobs in cost cutting drive -Sky News"},"content":{"rendered":"
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\u00a9 Reuters. FILE PHOTO: The logo of Rolls-Royce is pictured at the World Nuclear Exhibition (WNE), the trade fair event for the global nuclear community in Villepinte near Paris, France, June 27, 2018. REUTERS\/Benoit Tessier\/File Photo<\/span>
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(Reuters) -Rolls-Royce Holdings is set to axe about 2,500 staff as soon as Tuesday as part of a cost-cutting drive by its new chief executive, Sky News reported on Monday.<\/p>\n

The job cuts will be distributed across the engine maker’s global operations and are likely to affect hundreds of UK staff, the report said citing people familiar with the matter.<\/p>\n

Rolls-Royce (OTC:) did not immediately respond to a request for comment.<\/p>\n

The blue-chip company has experienced a strong recovery under Tufan Erginbilgic, who took over as CEO last January and has since said the firm’s cost base was being “tightly managed” to offset inflationary cost pressures.<\/p>\n

In May, Rolls-Royce said it had made no decisions regarding changes to its workforce, in response to a Sunday Times report that it was expected to cut about 3,000 non-manufacturing staff.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. FILE PHOTO: The logo of Rolls-Royce is pictured at the World Nuclear Exhibition (WNE), the trade fair event for the global nuclear community in Villepinte near Paris, France, June 27, 2018. REUTERS\/Benoit Tessier\/File Photo (Reuters) -Rolls-Royce Holdings is set to axe about 2,500 staff as soon as Tuesday as part of a cost-cutting […]<\/p>\n","protected":false},"author":1,"featured_media":3803,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[37],"tags":[],"class_list":{"0":"post-30982","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stocks"},"yoast_head":"\nRolls-Royce to cut 2,500 jobs in cost cutting drive -Sky News | Prosfunds<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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