Rolls-Royce shares the truths of its home with a ‘burning platform” comment

Rolls-Royce Holdings PLC’s new CEO (LSE:RR. Tufan Erginbilgic has given a harsh assessment to the company’s current condition, describing the jet engine manufacturer as a “burning platform”.

According to an insider quoted by the Financial Times, this appraisal was intended to open the door to a major shake-up of the 117-year old company.

Warren East’s replacement, Erginbilgic took control of the company at the beginning January. He stated that the company’s performance was “unsustainable” as well as “at a point [at which] it can no longer continue.”

He stated that this was the company’s final chance, and that he would be launching a transformation program with an emphasis on efficiency and optimization.

Staff are often told to expect more job cuts, especially among white-collar workers.