The famous Rolls-Royce luxury car company plans to fire 4,600 jobs over the next two years as part of a restructuring plan. According to the BBC, cuts will affect mainly middle managers and secretarial staff, which is expected to weaken the company base in Derby in Britain.
The engineering firm reiterates its interest in the civil aerospace, defense and energy systems. As the company says, about one-third of the cuts are expected to be made by the end of 2018. The program will continue in 2019 and will be completed by mid-2020.
Rolls-Royce said the program would save £ 400 million a year by the end of 2020. Typically, the CEO of the company said: “The world’s leading technology gives Rolls-Royce the ability to generate significant profit growth. This will help an optimized organization of our work with a pace and simplicity at its heart, which will work for us and will allow us to invest in the future. ”
Labor Party MP said that this cut program is a “charge burdensome” governmental industrial policy.