A customer takes a photograph of the Rolls-Royce jet engine of the Airbus A350-1000 parked on the static show space throughout the Singapore Airshow on Feb. 7, 2018, in Singapore.

Yong Teck Lim/AP

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Yong Teck Lim/AP

A customer takes a photograph of the Rolls-Royce jet engine of the Airbus A350-1000 parked on the static show space throughout the Singapore Airshow on Feb. 7, 2018, in Singapore.

Yong Teck Lim/AP

Jet engine maker Rolls-Royce stated Tuesday it is slicing as much as 2,500 jobs globally as a part of a company overhaul that its new CEO is finishing up.

The aerospace firm was hit exhausting by the COVID-19 pandemic that decimated demand for air journey. Tufan Erginbilgic, who took over as chief government in January, stated the layoffs are geared toward making Rolls-Royce “more streamlined and efficient.”

Rolls-Royce, primarily based in Derby, central England, did not disclose the place jobs shall be minimize, however round half of its 42,000-person workforce is predicated within the United Kingdom.

The cuts will take away duplication and convey value efficiencies within the newest stage of its “multi-year transformation,” the corporate stated.

“We are building a Rolls-Royce that is fit for the future,” Erginbilgic stated.

The firm slashed 9,000 jobs globally in 2020 because it grappled with the collapse of air journey throughout the pandemic.

The new turnaround plan additionally consists of creating a brand new company-wide procurement division that may benefit from Rolls-Royce’s dimension to chop prices and scale back provide chain delays.