“We will attack the way we work and make decisions. We’ve reduced the number of committees and reduced the frequency of them and the number of people we have,” he said.
“It’s very much the start of the simplification. There is no shortage of opportunity here to reduce complexity.”
Shares in the aero-engines manufacturer rose as much as 20% today, the biggest rise since 2002, after investors cheered East’s promise to meet £150 million to £200 million of cost reductions by the end of 2017.
The job cuts and other measures are due to save Rolls £50 million this year, which is at the top end of the company's expectations.
