“Rolls-Royce Holdings Plc Chief Executive Officer Warren East revealed the full extent of the earnings meltdown facing Britain’s leading manufacturing company and said he’s uncovered issues with its organization and management that run deeper than was apparent when he took over in July. East’s comments come as a further blow to a business that was regarded as Britain’s biggest industrial success story, recovering from bankruptcy to become a poster child of Margaret Thatcher’s privatization drive and take on the likes of General Electric Co. The CEO said he sees no quick fix, effectively writing off a recovery before 2017, when the results of a restructuring plan begin filtering through.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
US denies China Mobile's capitalism permit citing 'national security'
'My business accepts Bitcoins'
Australia to Fly Guns and Ammunition Into Iraq
Saudi Arabia Must Face Sept. 11 Victims in Revived Suit
U.S. arms sales nearly triple in 2011, researchers say
IRS sets up dedicated cybercrime unit to combat identity theft
New Barbados currency 'more secure' [May 2013]
‘Robin Hood’ band of ‘left-wing activists’ nabs school supplies from shop
Nearly 2,500 British bankers paid over €1m, says EU regulator
He plowed his field; now he faces a $2.8 million fine
Bovard: Facebook censored me for criticizing the government
Tax-free zones created around 8 NY colleges under Start-Up NY
San Diego settles woman's excess force lawsuit for $350,000
North Korea's No. 2 official visits South for rare talks at Asian Games
Uber reduced drinking and driving deaths in California, study suggests