Rolls-Royce to cut 2,500 jobs

By Peter Davison

18 October 2023

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Rolls Royce Bristol

Aerospace giant Rolls-Royce, which has a significant presence in Filton near Bristol, has announced it is to cut up to 2,500 jobs in a bid to create a “more efficient and effective” company.

The firm, whose UK headquarters is in Derby, said in an update to markets yesterday (Tuesday) that the proposal was part of a plan to streamline the business.

The company, which makes aircraft engines, employs around 42,000 people globally. Around 3,400 are employed at the Filton site.

Tufan Erginbilgic, who took over as CEO of the firm in January, 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.

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"This is another step on our multi-year transformation journey to build a high performing, competitive, resilient and growing Rolls-Royce.”

The company has not confirmed which areas of the business will be affected by the cuts.

By Peter Davison

Peter Davison is deputy editor of The Business Magazine. He has spent his life in journalism – doing work experience in newsrooms in and around Bristol while still at school, and landing his first job on a local newspaper aged 19. By 28 he was the youngest newspaper editor in the country.

An early advocate of online news, he spent the first years of the 2000s telling his bosses that the internet posed both the biggest opportunity and greatest threat to the newspaper industry and the art of journalism. He was right on both counts.

Since 2006 he has enjoyed a career as a freelance journalist. He lives in rural Wiltshire with one wife, two children, and three cats.