
A | Jet engine maker Rolls-Royce said Tuesday it's cutting up to 2,500 jobs globally as part of a corporate overhaul that its new CEO is carrying out. The aerospace company was hit hard by the COVID-19 pandemic that decimated demand for air travel. Tufan Erginbilgic, who took over as chief executive in January, said the layoffs are aimed at making Rolls-Royce “more streamlined and efficient." Rolls-Royce, based in Derby, central England, didn't disclose where jobs will be cut, but around half of its 42,000-person workforce is based in the United Kingdom.The cuts will remove duplication and bring cost efficiencies in the latest stage of its “multi-year transformation," the company said. “We are building a Rolls-Royce that is fit for the future," Erginbilgic said. The company slashed 9,000 jobs globally in 2020 as it grappled with the collapse of air travel during the pandemic.The new turnaround plan also includes creating a new company-wide procurement division that can take advantage of Rolls-Royce's size to cut costs and reduce supply chain delays.。 (ECNS) -- China has successfully achieved the independent mass production of various high-end specialty steels, securing domestic supply chains across marine, aerospace, and electronics sectors. By manipulating atomic structures to prevent brittleness and corrosion, researchers have developed high-performance steel for offshore wind turbines that allows for thinner plates and reduced alloy usage. This breakthrough is part of a newly established research-to-production system covering deep-sea, shipbuilding, and aerospace fields. Key innovations include a 0.07mm-thick steel with high strength and ductility used in integrated circuit (IC) substrates and 5G receivers, and low-expansion steel for large aircraft molds. This year, seven new high-end steel types achieved major breakthroughs, with specialized steels mass-produced for electric vehicles, humanoid robots, and energy storage. To support this high-end transition, China’s steel industry has accelerated smart upgrades, boasting three global “Lighthouse Factories” and 38 benchmark intelligent manufacturing plants. (By Intern Lin Qiaochu, Zhang Dongfang)
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