Derby-based engineering giant Rolls-Royce to axe up to 2,500 jobs across business

2,500 Rolls-Royce employees are due to lose their jobs. Credit: PA Images

Rolls-Royce is to cut up to 2,500 jobs globally as part of an overhaul under its new boss.

Tufan Erginbilgic, who was appointed as chief executive in January, said the shake-up will make the Derby-based engineering giant “a more streamlined and efficient” business.

The aerospace engineering specialist, which currently employs 42,000 people, said it also plans to remove “duplication” and deliver cost efficiencies through the latest stage in its transformation plan.

It has not been made clear where the jobs will be cut, but around half of the company's current workforce are based in the UK.

Mr Erginbilgic had previously described Rolls-Royce’s performance as “unsustainable”, and following the announcement said: “We are building a Rolls-Royce that is fit for the future.

“Our business is full of committed, talented people and I believe these changes will enable them to build greater capability in areas that are key to our long-term success.

“This is another step on our multi-year transformation journey to build a high performing, competitive, resilient and growing Rolls-Royce.”

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