Rolls-Royce to cut 600 jobs
Rolls-Royce plans to reduce the number of employees in its marine business by a further 600 by the end of 2015, in response to challenging market conditions.
The marine business currently employs approximately 6000 people in 34 countries, and while the reductions will be global, around half will be in Norway, where the majority of employees and manufacturing facilities are located.
Comments
Mikael Makinen, Rolls-Royce, President - Marine, commented: "We are transforming our marine business and while we are making good progress on cost, the effect of low oil prices means we have to continue to look for further efficiencies.
"It is never an easy decision to propose reductions in our workforce, but it is a sign of the challenging market in which we operate. We will work closely with employees and their representatives as we manage this change.
"The future prospects for the Marine business remain bright, and we are focused on maintaining our position as a technology leader, but we must drive further cost reduction today so that we are ready to grow tomorrow."
LNG vessel
In April 2015, Rolls-Royce’s marine business announced that a company pure-gas engine powered the Nor Lines’ Kvitbjørn vessel, the first to operate between Asia and Europe on LNG.
Adapted from press release by Katie Woodward
Read the article online at: https://www.lngindustry.com/lng-shipping/20052015/rolls-royce-cuts-jobs-792/
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