Rolls-royce Share Discussion Threads

[vikingwarrier] 28/5/2023 19:19

Head Office is in London not Derby.The biggest problem RR has is retaining engineers. There's a huge shortage, so I doubt there will be cuts outside of admin.

[freddie01] 28/5/2023 18:21

Yes, poor reporting kasamavic.

[kasamavic] 28/5/2023 18:12

Is it just me that's noticed it states jet engine manufacturer in the first sentence and in the second sentence states it's a luxury car maker.Surely an analyst hasn't put that together?

[thanatos abyss] 28/5/2023 17:53

It’s all falling apart.

[vikingwarrier] 28/5/2023 17:44

This 10% is the same ploy that Jack Welsh used to impose on GE.It was found not to work too well in the end. Enron did this too. It comes from the Roman army which in its early days had fights to the death to lose the worst/weakest 10% each year. It was called DECIMATE but this too ended. McKinsey are just charging a fortune for an old idea which has been shown to fail.

[freddie01] 28/5/2023 17:44

That's how I'm reading it MCunliffe1.

[mcunliffe1] 28/5/2023 17:41

The report as posted by freddie01 implies to me that it's clerical staff that are likely to receive redundancy.
If the three operating divisions do not share a common admin. structure then what the hell as Tufan been doing since his arrival?

I appreciate the point made by Vikingwarrier: Brit. Aerospace (where my wife worked) operated on a similar principle. However, they also had no end of staff who's job appeared to be to walk about with a clipboard. I suspect RR is the same.

[freddie01] 28/5/2023 17:30

The Jet engine manufacturer Rolls-Royce is planning to layoff thousands of its workers to streamline its operations, The Times has reported. The luxury car manufacturer has hired consultants led by McKinsey & Co. to advise on the same, the report said.

The company is considering to layoff 3,000 non-manufacturing staff from its global workforce, the report said.

As part of the programme, the company plans to merge the non-manufacturing departments in each of Rolls’s civil aerospace, defence and power systems divisions, the report added.

“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 organizational efficiencies," Bloomberg reported citing Rolls-Royce spokesperson.

“We have made no decisions whatsoever on any potential impact on employees and any suggestion otherwise is pure speculation’, the report further added citing the spokesperson.

The report further said Rolls-Royce’s headquarters is likely to be hit hardest by the cuts as most of its back-office administration functions are based in the city.

Rolls-Royce CEO Tufan Erginbilgic has initiated a transformation program at the manufacturer, including some key management changes.


[...]

[vikingwarrier] 28/5/2023 17:08

Truth is that every time they cut jobs they lose a ton of experience then a few weeks later they are re-hired on more pay.

[institutional investments] 28/5/2023 12:21

CITYTTRADER26 May '23 - 12:11 - 11745 of 11748
0 2 0
I have the feeling that II knows everything about nothing.

……

Good. Looks like I found good company here

[freddie01] 28/5/2023 12:10

Reports that Rolls-Royce is preparing to cut thousands of jobs


The aero-engineering giant said no decision on its workforce had been made

[noramping] 26/5/2023 12:27

CT, I have him filtered but likely someone very bitter, maybe he held when they dropped a few years ago so has a grudge.

[cityttrader] 26/5/2023 12:11

I have the feeling that II knows everything about nothing.

[institutional investments] 25/5/2023 19:56

No I wouldn’t sell on my advice. Nor would I hold on anyone else’s

Just time to start looking at market from the wolves side to weigh it up better maybe

[institutional investments] 25/5/2023 19:51

I can see ftse going back to 7000 next

Dunno if takes a week, or 3 months and 50 retraces along the way

But this is likely

[institutional investments] 25/5/2023 19:49

All I am saying is, holding a bear market currently. Not just RR

RR also notorious for selling off long term in rallying markets and also the Fed pumped decade

So let’s say the FTSE cracks from next week

What is plan?

Average down?

Wouldn’t a share where that makes historical sense be better ?

Or indeed if love the sector/industry - an ETF that basically covers posterior in most scenarios in the medium or long term

Or indeed, why be in any at all

Whether RR is 20p or 300p in 5 years is not the point

The point is, it’s likely position compared to others , in 5 years

[institutional investments] 25/5/2023 19:42

Well you survived tomorrow which was today, but only on a stat technical reason

Tomorrow shall be more telling with ftse

142s tomorrow possible if it all is at seems

Forgive my being out a few days here and there

But better than out years

[cevodniya] 25/5/2023 19:39

Institutional Investments, here we go again, how worse tomorrow?.
Should I liquidate, pay 20% CGT and buy back in on your prediction?
How worse is worse, when I'm looking at holding until 26/27?.
You are putting me off my Ban Khot Tom and Rioja!!

[cevodniya] 25/5/2023 19:36

Bartyb, wow, thanks for the professional psychoanalysis, nobody had ever thought outside the box re that possibility.