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Rolls-Royce, a manufacturer of aero engines, has decided to eliminate more than 4,000 jobs that will include human resources, finance and purchasing positions. So reports The Guardian.
The goal is to boost profits by cutting out mid-management jobs.
"We are proposing to move to a considerably simplified staff structure, with fewer layers and greater spans of control across the group," a company spokesman said.
The company is expected to cut 4,600 positions globally, HRM Asia reports, with one-third of those cuts expected to be carried out by year-end. The firm has a global workforce of 55,000, with 26,000 in the UK.
We want to make sure that our loyal subscribers who…
Mobile and cloud computing. 3-D printing. Data analytics. These are…
Perhaps the nation's leading HR technology symposium – Human Resource…
If there is one consistent aspect to the Patient Protection…