Rolls-Royce Holdings plc Rolls-Royce creates more efficient organisation (3599Q)
17 10월 2023 - 3:00PM
UK Regulatory
TIDMRR.
RNS Number : 3599Q
Rolls-Royce Holdings plc
17 October 2023
17 October 2023
Rolls-Royce Holdings plc
Rolls-Royce to create simpler, more efficient and effective
organisation
to continue to deliver world class products
-- Delivering better customer outcomes through increased
focus on efficiency, simplification and enterprise-wide
synergies to create a more agile business
-- A proposed 2,000-2,500 reduction in roles worldwide
-- Strengthening capabilities to ensure operational
and commercial skill matches engineering and technical
excellence
Rolls-Royce has today announced plans for a simpler, more
streamlined, organisation in the next phase of its multi-year
transformation. The new structure will create a more agile business
that is better able to serve customers and continue to create and
maintain world-class products. It will help Rolls-Royce build
enhanced capabilities in key areas such as procurement and supply
chain management, ensuring they are as strong as the company's
engineering and technical excellence.
The changes being proposed will also remove duplication and
deliver cost efficiencies. Our tight management of costs and
headcount through 2023 has ensured that we have minimised the
overall reduction in headcount. It is estimated that 2,000-2,500
roles will be removed globally. Rolls-Royce currently employs
42,000 people worldwide.
Focused on core business capabilities, Engineering Technology
& Safety will come together as a single team across the Group,
responsible for product safety, engineering standards, process,
methods and tools. It will also enable engineering talent and
technology to be used more effectively across the business. It will
be led by Simon Burr, currently Director - Product Development and
Technology, Civil Aerospace, who is joining the Executive Team with
immediate effect. Grazia Vittadini, Chief Technology Officer, will
be leaving the business in April 2024 and we thank her for her
contribution to the Group.
The proposals 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. As well as delivering savings, a greater focus on these
key areas will lead to improvements in customer service, reducing
supply chain delays. Enabling functions, such as Finance, General
Counsel and People will also be brought together across
Rolls-Royce, standardising activity and providing shared support to
capture synergies and scale to achieve greater effectiveness.
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."
Enquiries:
Investors: Media:
Isabel Green Richard Wray
+44 7880 160976 +44 7810 850055
About Rolls-Royce Holdings plc
1. Rolls-Royce develops and delivers complex power and
propulsion solutions for safety-critical applications in the air,
at sea and on land. Our products and service packages enable our
customers to connect people, societies, cultures and economies
together; they meet the growing need for power generation across
multiple industries; and enable governments to equip their armed
forces with the power required to protect their citizens.
2. Rolls-Royce has customers in more than 150 countries,
comprising more than 400 airlines and leasing customers, 160 armed
forces and navies, and more than 5,000 power and nuclear customers.
We are committed to making our products compatible with net zero
carbon emissions to meet customer demand for more sustainable
solutions.
3. Annual underlying revenue was GBP12.69 billion in 2022, and
underlying operating profit was GBP652m.
4. Capital Markets Day event to be held on 28 November 2023.
5. Rolls-Royce Holdings plc is a publicly traded company (LSE:
RR., ADR: RYCEY, LEI: 213800EC7997ZBLZJH69)
www.rolls-royce.com
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