Rolls-Royce cuts 800 more jobs from its marine division

Rolls-Royce cuts 800 more jobs from its marine division
 

Rolls-Royce is to cut 800 more posts from its marine division, after announcing 1,000 job cuts last year.
The firm, which depends on oil and gas-related customers for much of its marine business, blamed the weakness in the energy sector for the cuts.
Rolls-Royce said the job losses would be made from mid-2017 in an effort to make savings of between £45m and £50m.
The marine business employs about 4,800 people in 34 countries, including about 400 people in the UK.
Of the UK workers, half are based in Bristol and the remainder are in offices in the Midlands and a manufacturing site in... read more

 
1 December 2016 in Business, Views: 43
Source: BBC
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