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Rolls Royce to cull jobs
Rolls Royce to cut 4000 jobs on top of the 5500 already cut in 2015 The cull mainly of managers and administrative staff is expected to be announced on Friday, none of the frontline engineering staff will be affected management are leaving their expensive headquarters moving to cheaper premises in an effort to cut costs Hardest hit will be the engineering giant’s base in Derby where most of its white-collar staff are located. Rolls is continuing to have ongoing issues with its flagship Trent 1000 Package C engines. It has ramped up inspections around the world following concerns they are deteriorating faster than expected. The Trent engines are used in Boeing 787 Dreamliner planes and some have been grounded because of the problem, which could take up to four years and cost around £750million to fix. Cathay could take a leaf out of Rolls Royce’s playbook and get rid of a large number of managers that have led us down a path of destruction |
Usual story, beancounters cut cost and corners to the bone, when it all backfires, they sack staff to cover the remediation costs.
Most likely those involved with the original "short term" cost cutting, have got their multi million dollar bonuses and left the company, leaving the long term damage to be sorted out by others. |
Sounds familiar.
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Originally Posted by Dee Vee
(Post 10170190)
Usual story, beancounters cut cost and corners to the bone, when it all backfires, they sack staff to cover the remediation costs.
Most likely those involved with the original "short term" cost cutting, have got their multi million dollar bonuses and left the company, leaving the long term damage to be sorted out by others. Having said that, up to 4000 job cuts will have a significant impact especially after recent reductons. They have much to do to repair reputational damage and will need massive efforts from its dwindling staff. |
In other words, they've taken on more than they can chew. |
Originally Posted by Threethirty
(Post 10170766)
In other words, they've taken on more than they can chew. The other is that RR is an ambitious company determined to grow its business and respond to Airbus/Boeing requirements. Hopefully they have correctly identified the design deficiencies and engineer solutions whilst managing the severe logistic problems. You are often not judged by your problems but remembered by how quickly you react. |
Originally Posted by Dee Vee
(Post 10170190)
Usual story, beancounters cut cost and corners to the bone, when it all backfires, they sack staff to cover the remediation costs.
Most likely those involved with the original "short term" cost cutting, have got their multi million dollar bonuses and left the company, leaving the long term damage to be sorted out by others. |
Sptraveller I don’t think that all managers should go , but historically as companies mature they devolve from the lean mean machine that worked ,adding fat along the way to become a bloated monster . The new boss at Rolls has realised this and put everyone on a diet in an attempt to get rid of the fat . As an example at Cathay , or HAECO ,why would you choose an engineering manager or DIrector of Flight Operations who knows absolutely nothing about aeroplanes . This is the type of bloat that is totally superfluous and needs to go to make a company successful |
It's not just managers - anytime you have a big company such as Rolls (or Boeing :E) you accumulate a certain amount of poor performers. The occasional layoff is almost a necessity to root out the dead wood.
The trick is properly identifying the poor performers and getting rid of the right people. All too often they get rid of the wrong people... |
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