Shrink­ing Rolls-Royce re­veals 4,600 job losses

Daily Express - - COME ON ENGLAND - By David Mad­dox

THE Gov­ern­ment promised help yes­ter­day af­ter Rolls-Royce an­nounced it is cut­ting 4,600 jobs to save an es­ti­mated £400mil­lion a year.

An­swer­ing an ur­gent ques­tion in the Com­mons, Busi­ness Sec­re­tary Greg Clark pledged he will work with the com­pany to en­sure the “in­ter­ests of the work­force are strongly rep­re­sented”.

The bulk of the job cuts in Derby and Bris­tol will be made over the next two years, with around a third ex­pected by the end of this year.

Rolls-Royce said the over­haul, which fol­lows its an­nounce­ment in Jan­uary that it plans to slash its five op­er­at­ing busi­nesses to three core units, will have an im­pact on sup­port func­tions and man­age­ment.

The com­pany is also bat­tling a re­li­a­bil­ity cri­sis with its Trent 1000 jet en­gines, al­ready fit­ted to Boe­ing 787 air­craft, which could cost a to­tal of £1bil­lion to put right.

Chief ex­ec­u­tive War­ren East said: “It is never an easy de­ci­sion to re­duce our work­force, but we must cre­ate a com­mer­cial or­gan­i­sa­tion that is as world-lead­ing as our tech­nolo­gies.”

Mr Clark said he was work­ing with the lo­cal en­ter­prise part­ner­ship to en­sure that job op­por­tu­ni­ties that ex­isted in Derby were taken up.

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