Wednesday, November 5, 2014

Rolls-Royce shedding jobs

Rolls-Royce will be shedding 2,600 jobs over the next 18 months, part of an intensified program to improve operational efficiency and reduce costs. The company said in a news release Tuesday that the cuts will come principally in the aerospace division, and that the majority of the reductions will be achieved in 2015. (Source: Rolls-Royce, 11/04/14) A company spokesman said through an email that he could not specify where cuts would occur, but said a union has said it expects two-thirds of the cuts to be in the U.K. The company has 55,200 workers worldwide, and 8,500 in the United States. Rolls-Royce has an engine test facility at Stennis Space Center, Miss.