The initial findings of Rolls-Royce chief executive Warren East’s review of operations suggest he is going to be forced to "simplify the organisation, streamline senior management, reduce fixed costs" and speed up decisions.
The changes, expected to be announced later by Mr East, are to help achieve annual gross cost savings of £150-200m per year. Commenting on the announcement, Mr East said: “My review has underpinned my confidence about the opportunities before us and I am convinced that our long-term outlook is positive.
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