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Manufacturing

Rolls-Royce to axe up to 2,500 jobs across entire business

The aerospace giant, which has º£½ÇÊÓÆµ bases in Bristol and Derby said the proposal was part of a plan to streamline the business

Rolls-Royce engineers working on an aircraft engine thruster (Image: Jonathan Green/Rolls-Royce)

Rolls-Royce has announced plans to shakeup the business, which could result in 2,000-2,500 jobs being axed worldwide.

The aerospace giant, which has º£½ÇÊÓÆµ bases in Bristol and Derby, said the shakeup would allow for a "simpler, more streamlined, organisation in the next phase of its multi-year transformation".

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The FTSE 100 company, which produces engines for some of the world’s largest commercial aircraft, currently employs 42,000 people worldwide, hundreds of which are based at its site in Filton, near Bristol. Posting on the London Stock Exchange bosses said there are plans to remove “duplication” and deliver cost efficiencies through the latest stage in its transformation plan.

Tufan Erginbilgic, chief executive, said: "We are building a Rolls-Royce that is fit for the future. That means a more streamlined and efficient organisation that will deliver for our customers, partners and shareholders.

"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."

Rolls-Royce plans to bring together its engineering technology and safety as a single team across the group, responsible for product safety, engineering standards, process, methods and tools. Bosses said this will enable engineering talent and technology to be used more effectively across the business and will be led by Simon Burr, currently director - product development and technology, civil aerospace.

The proposals also include creating a new enterprise-wide procurement and supplier management organisation to support the consolidation of group spend, leverage scale and develop consistent best in class standards.