Rolls-Royce shares have soared by 1,000% following a radical overhaul of its engine production

Boris Bodnar
Boris Bodnar Journalist
Rolls-Royce shares have soared by 1,000% following a radical overhaul of its engine production
Rolls-Royce
The British company Rolls-Royce Holdings Plc has staged an unprecedented market recovery.

This is according to Bloomberg.

Since the start of 2023, when Tufan Erginbilgic took over as the company’s new CEO, the market value of the shares of the well-known jet engine manufacturer has risen more than tenfold (+1000%).

To restore the financial health of the aerospace and defence firm, a large-scale workforce reduction was carried out, along with the sale of loss-making and underperforming divisions.

Prior to the reforms, the new CEO compared Rolls-Royce to a company forced to shoulder the entire heavy burden of British industry on its own.

At the same time, senior management emphasises that the rapid growth in market capitalisation is primarily down to the company’s 50,000-strong workforce. According to the head of Rolls-Royce, the jet engine manufacturer’s large-scale turnaround is now opening up new opportunities and career prospects for the entire company staff.

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