Rolls-Royce is expected to cut thousands of jobs as it launches a dramatic turnaround plan to save costs. New chief executive Tufan Erginbilgic, who has described the aero-engineering giant as a “burning platform” that needs to reform to survive, has parachuted in consultants led by McKinsey to advise on streamlining the company. Plans to merge departments could cut 10 per cent of the company’s approximately 30,000 non-manufacturing staff, one consultancy source said. Part of the programme will involve merging its … read more »
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