{"id":140968,"date":"2018-06-14T06:24:51","date_gmt":"2018-06-14T06:24:51","guid":{"rendered":"http:\/\/freeonlinetranslators.net\/news\/english\/rolls-royce-announces-4600-job-cuts\/"},"modified":"2018-06-14T06:24:51","modified_gmt":"2018-06-14T06:24:51","slug":"rolls-royce-announces-4600-job-cuts","status":"publish","type":"post","link":"https:\/\/freeonlinetranslators.net\/news\/english\/rolls-royce-announces-4600-job-cuts\/","title":{"rendered":"Rolls-Royce announces 4,600 job cuts"},"content":{"rendered":"<figure>                                  <img decoding=\"async\" alt=\"Breaking News image\" src=\"https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/7A23\/production\/_97176213_breaking_news_bigger.png\"\/>                      <\/figure>\n<p class=\"caps\">Rolls-Royce is to cut 4,600 jobs over the next two years as part of a restructuring programme.<\/p>\n<p>Middle managers and back-office staff are to bear the brunt of the cuts, which are expected to hit its Derby base hard.<\/p>\n<p>The engineering firm is refocusing its business on civil aerospace, defence and power systems.<\/p>\n<p>About a third of the job cuts are expected to happen by the end of this year, Rolls-Royce said. <\/p>\n<p>The programme is expected to continue throughout 2019, with full implementation by mid-2020.<\/p>\n<p>Rolls-Royce said that the programme would save it \u00a3400m a year by the end of 2020.<\/p>\n<p>Chief executive Warren East said: &quot;Our world-leading technology gives Rolls-Royce the potential to generate significant profitable growth. <\/p>\n<p>&quot;The creation of a more streamlined organisation with pace and simplicity at its heart will enable us to deliver on that promise, generating higher returns while being able to invest for the future.&quot;<\/p>\n<p>Chris Williamson, Labour MP for Derby North, said the job cuts were &quot;a damning indictment&quot; of the government&#039;s hands-off industrial policy.<\/p>\n<p>&quot;Currently we have private shareholders directing the fate of some of Britain&#039;s most premier firms, with total disregard for the economic needs of the country. The government has to intervene,&quot; he said.<\/p>\n<p>In February 2017, the jet engine-maker reported a record loss of \u00a34.6bn.<\/p>\n<p>In June 2017, Rolls-Royce cut a deal with unions to safeguard 7,000 front-line engineering jobs in the East Midlands for five years and invest in UK aerospace facilities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rolls-Royce is to cut 4,600 jobs over the next two years as part of a restructuring programme. Middle managers and back-office staff are to bear the brunt of the cuts,<\/p>\n","protected":false},"author":1,"featured_media":140969,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-140968","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english"],"_links":{"self":[{"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/posts\/140968","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/comments?post=140968"}],"version-history":[{"count":0,"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/posts\/140968\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/media\/140969"}],"wp:attachment":[{"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/media?parent=140968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/categories?post=140968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/tags?post=140968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}