Rolls-Royce Holdings Plc(RR) is eliminating more than 200 positions from its management team as Chief Executive Officer Warren East extends a wide-reaching restructuring of the embattled engine maker. The additional cuts brings the total trimming of management positions under East’s reign to more than 600.
The company shares that this is part of an ongoing transformation programme, designed to remove complexity and cost by simplifying processes and our structure. Rolls-Royce's CEO adds the engine maker has constantly suffered from a bloated management team and overly complex decision-making procedures. The reconstructions comes as Rolls-Royce entered a demanding ramp up of engine deliveries for Airbus Group SE’s and A330neo aircrafts, that will see the manufacturer double its output of engines to meet demand. t the same time the company, which on Friday was awarded a contract to develop Britain’s first nuclear plant in three decades, has doubled its employees in its nuclear business
Rolls-Royce expectations for a full-year hit on profits of between 75 million pounds and 100 million pounds remains unchanged, the company on Sunday.
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