EMCC European Monitoring Centre on Change

Rolls Royce

Company/Organisation:
Rolls Royce

Geographic Location

Country: World
Location of affected unit(s): United Kingdom, Germany, World

Company

Sector: Manufacturing
Manufacture of transport equipment
30.3 - Manufacture of air and spacecraft and related machinery
Number Employed: 55000

Employment Effects

Announcement Date: 04-11-2014
Planned Job Reductions min: 2600
Planned Job Reductions max: 2600
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-12-2014
Foreseen End Date: 30-04-2016
Direct Dismissals: 2600

Additional Information

Engineering group Rolls-Royce has announced in November 2014 plans to cut 2,600 jobs from its global workforce over the next 18 months. The majority of the job losses will be concentrated in the company’s Aerospace division. Although it is not yet known where all the foreseen job cuts will take place, it is foreseen that at least part of these will take place in various company’s production plants in the UK and Germany. Rolls-Royce said the job losses would cost £120m over the next two years, but would lead to annual cost savings of £80m once implemented. The company said voluntary redundancy would be offered wherever possible. In 2014, Rolls Royce had a global workforce of 55,000, 24,000 of which based in the UK.

The ERM previously reported about restructuring at Rolls Royce in Germany and in the UK.