Rolls Royce layoffs may reportedly leave thousands out if jobs. As per updates, the luxury car manufacturer too, is now planning to sack employees, based on feedback from experts.
According to a report in The Times, Rolls Royce layoffs are here as the Jet engine manufacturer is planning to streamline is operations. The company has also reportedly hired consultants from McKinsey & Co. to help it in planning and executing these layoffs.
The report adds that Rolls Royce layoffs may have the most impact in its non-manufacturing unit, where close to 3,000 employees of its global workforce may be left without jobs. As a part of the plan, Rolls Royce is also reportedly planning to merge its non-manufacturing departments in each of Rolls’ civil aerospace, defence and power systems divisions.
“We are working at pace on our transformation across a number of work streams and only one part of one of those work streams is about realizing organisational efficiencies...... We have made no decisions whatsoever on any potential impact on employees and any suggestion otherwise is pure speculation,” Bloomberg quoted a source as saying on Rolls Royce layoffs.
However, the publication’s report adds that the most adverse impact of Rolls Royce layoffs will be on the company’s headquarters as most of its back-office administration functions are based in the city.
Rolls Royce layoffs are not the only one in automobile industry. So far, even Ford has announced layoffs in China and just like this industry, many others are engaging in mass layoffs in the event of a global economic downturn.