Rolls-royce Share Discussion Threads

[tlobs2] 15/6/2018 07:29

Ah it's just a modest £500M as announced this morning. Some hefty redundancy payments there then!




Edit 08:12 BOOM ! :-)

[tlobs2] 14/6/2018 18:50

Good progress on the share price today.

Any estimates as to how much these redundancies are going to cost the company in the short term? £120 - £150M or possibly more depending on the level of staff being axed?


4,600 managerial staff is one hell of a cull!

[lefrene] 14/6/2018 17:37

A useful insight Spandy83, it does sound rather similar to would be high fliers who start off in the executive stream of the Civil Service. The dead wood stays in place and by a process of attrition over time rise a position where they can do damage but are politically savvy enough to hang onto their job.

[wad collector] 14/6/2018 15:27

Well the market seems to like it anyway ; currently up 45p on the day.
RR has always struck me as a world leading company that the stock market views with some caution. Perhaps that view will slowly change.

[spandy83] 14/6/2018 07:50

I spent 10 years working at RR (no longer there). The last 4-5 of those, it was under continuous re-structuring. Even with Warren East in post. The problem has been that they've not historically planned the restructuring properly so it hasn't been effective. They've taken jobs out without thinking about what the business needs to do and how it needs to do it. Hopefully this time it is different.My worry about this restructure is fundamentally that Rolls has a real issue with glass ceilings. There's a high barrier to entry to work there, so it is filled with ambitious and intelligent people who all want to move up. Take out the career step positions and you demotivate your staff. It'll have a long term negative effect on attrition, which will affect cost.Don't get me wrong, there's fat to trim. But I'm not convinced it'll be done properly. They generally lose good people and retain the dead weight (who can't get jobs elsewhere).

[nickg100] 14/6/2018 07:23

Rolls Royce announce 4,600 job cuts saving £400 million per year generating significant profitable growth.




Middle managers and back-office staff are to bear the brunt of the cuts.

[careful] 12/6/2018 09:39

Too much sophisticated management.
Targets, value earned, endless meetings about target achievement.
There is more time spent planning the job than actually doing it.

[lefrene] 11/6/2018 16:10

The fact that they have layers of management to remove indicates that there is something wrong with their business model. Perhaps it's a civil service type structure where your salary depends on how many underlings you have? Hence you accumulate underlings just to boost your own salary?

[nickg100] 11/6/2018 09:36

Would have thought this news to be favourable for shareholders, as RR. focus on the "removal of layers of management among other efficiencies and set the company a target of generating £1bn in cash a year by 2020" (quote)

This and various other reports also confirm.....
"Speaking at Rolls’ annual results in March, Mr East said that the restructuring would likely to come in support functions for the business, adding that he “didn’t really expect any significant reduction in the skilled operational and engineering roles”.

Makes good business sense (....and perhaps slightly overdue?!)

[nickg100] 18/5/2018 14:38

Rolls Royce finally breaking the 850p barriers - The start of a bull run on RR. maybe??

Any well informed Rolls Royce shareholders here? Are we seeing just another (bullish) day at the office... ....or does the market anticipate good news from RR imminently?

[nickg100] 30/4/2018 14:44

......That was a bit of a rollercoaster ride thus far today!

Good to see Rolls-Royce trying to push north! Support appears to be strong on or around 840p the last few trading days - AGM later this week (3rd May) - Hoping this will have a positive impact on the share price?

[bjlk] 19/4/2018 14:33

787-9 are in various stages of having Etops ratings reduced due to engine concerns from 180mins to 140mins..Anyone else heard this??

[minerve] 17/4/2018 21:10

Thanks wad.

[wad collector] 17/4/2018 20:54

The only good news about today's South West Airlines 737 engine breakup is that it is a CFM56 , so not one of RRs.
Mind you they have made 30,000 of them so not exactly a failed new design and not likely to affect the 737 NextGen engine choice, though I am not an aircraft designer...

[cwa1] 13/4/2018 07:54

Well Ayl30, the market is pretty much certain not to like it unfortunately.

[ayl30] 13/4/2018 07:33

Let's hope today's rns doesn't hit the share price too much

[rogerrail] 09/4/2018 10:16

Good result on sale of L'Orange, about £100m more than was touted ( EUR700M v $700M)

"Rolls-Royce announced today that it has signed an agreement to sell L'Orange, a wholly owned subsidiary of Rolls-Royce Power Systems, to Woodward Inc., for an enterprise value of EUR700 million (GBP610 million)".

[minerve] 23/3/2018 18:30

Boraki

Give it time. Underlying business doing well. Let us wait and see whether this trade war has a real affect and if it's enough to make a difference.

[boraki] 23/3/2018 17:11

I see I have backed another winner, not

[boraki] 12/3/2018 15:25

Rolls-Royce announced in a statement late on Friday that it had won an order from Turkish Airlines for Trent XWB engines to power 25 Airbus A350-900 aircraft, including the FTSE 100 group’s TotalCare service support. The airline also has options for a further five aircraft. The companies have not disclosed the value of the deal.

“Turkish Airlines has enjoyed impressive growth over recent years and we are really proud to be playing our part in the next chapter of their story,” Chris Cholerton, Rolls-Royce, President – Civil Aerospace, commented in the statement.



The order marks a boost for the British engine maker which revealed in its full-year results last week that the cost for fixing the issues with its Trent 1000 and Trent 900 engines would broadly double from the total cash cost in 2017 of £170 million and reach a peak this year. It is then expected to fall by around £100 million in 2019.

[ch1ck] 09/3/2018 08:20

I took profits in these yesterday and will see if they cut back.Loving the volatility that has returned