Rolls-Royce to cut 600 jobs in marine unit
[LONDON] British engineering group Rolls-Royce said it would cut 600 jobs in its Norwegian-focused marine business in response to the lower oil price, a move it said would have a "broadly neutral" impact on 2015 profits.
Rolls-Royce is in the middle of a cost-saving plan in its aero-engines business and headquarters, axing 2,600 jobs, and the streamlining of its marine business comes after a year of profit downgrades and cancelled orders.
The company said that from 2016, the job cuts in marine would help generate £25 million (US$39 million) of benefits.
Employing 6,000 people, the unit builds propulsion systems, winches and anchors for ships, and depends on oil and gas-related customers for about 60 percent of its business. "The effect of low oil prices means we have to continue to look for further efficiencies," Rolls-Royce Marine president Mikael Makinen said in a statement on Monday.
No comments:
Post a Comment