Rolls-Royce plans to sack 2,500 staffers in cost-cutting drive ...Middle East

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New Delhi:  Global engineering giant Rolls-Royce has announced plans to sack as many as 2,500 jobs globally as part of a drastic cost-cutting exercise. Tufan Erginbilgiç, a former BP executive, took over as CEO of Rolls-Royce in January when he rocked the company’s employees by describing the iconic aircraft engine-maker as a “burning platform” whose operations were “unsustainable”. The company employs 42,000 people worldwide with about half of the workforce based in the UK. Rolls-Royce’s financial performance had plunged during the pandemic when airlines were grounded, but has improved over the past year, with global air travel bouncing back. However, the company’s focus on long-haul trave

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