Rolls-Royce CEO calls for urgent change

Rolls-Royce CEO Tufan Erginbilgic has warned employees that the company is on its last chance to change to return to profit. The incoming CEO who took over from Warren East in January told employees that the firm was underperforming every key competitor and that the company was a “burning platform” and was unsustainable. He also noted that the company’s current state was not the fault of the pandemic; indicating that the company had been underperforming for a long time.