Embattled British aircraft-engine maker Rolls-Royce has embarked on a strategic review led by its new chief executive in a fresh effort to turn the company around.
LONDON—Embattled British aircraft-engine maker Rolls-Royce Holdings PLC has embarked on a strategic review led by its new chief executive in a fresh effort to turn the company around.
Tufan Erginbilgic, who took over the top job at Rolls-Royce last month, said the company was drawing up a new transformation plan in which it will decide in which segments of its business it would continue to invest. The CEO said details would be announced in the second half of this year and that it was too early to outline any potential outcomes, including possible job cuts.
“It’s very clear that we have performance potential. Frankly, catching up with competition cannot be the full potential of Rolls-Royce,” Mr. Erginbilgic told reporters Thursday. “No company can continue like this, therefore we need to change.”
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