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15/10/2001
Rolls-Royce poised to axe jobs
Aero-engine manufacturer Rolls-Royce is feared to be about to announce radical jobs cuts this week as a knock-on effect of the downturn in the commercial aviation industry.
Concern is growing that the massive reductions in the aircraft manufacturing sector worldwide is feeding through to the major component providers such as engine manufacturers.
Rolls-Royce is thought to be preparing to issue a profits warning as orders for aircraft parts are slashed following reduced demand for new aircraft as airlines cut back on services and delay orders for new aircraft.
Several Sunday papers reported that up to 3,500 jobs are on the line at Rolls-Royce’s Derby plant that employs some 14,000 workers.
Last year Rolls-Royce unveiled a £150 million restructuring plan which aimed to address a fall in profits that has continued into the first half of this year.
In October this year analysts cut profits forecasts for Rolls-Royce by around a third.
US giant Boeing is also expected to issue a profits warning later this week and the company has already announced the loss of 12,000 jobs by December. (SP)
Concern is growing that the massive reductions in the aircraft manufacturing sector worldwide is feeding through to the major component providers such as engine manufacturers.
Rolls-Royce is thought to be preparing to issue a profits warning as orders for aircraft parts are slashed following reduced demand for new aircraft as airlines cut back on services and delay orders for new aircraft.
Several Sunday papers reported that up to 3,500 jobs are on the line at Rolls-Royce’s Derby plant that employs some 14,000 workers.
Last year Rolls-Royce unveiled a £150 million restructuring plan which aimed to address a fall in profits that has continued into the first half of this year.
In October this year analysts cut profits forecasts for Rolls-Royce by around a third.
US giant Boeing is also expected to issue a profits warning later this week and the company has already announced the loss of 12,000 jobs by December. (SP)
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07 March 2002
Rolls-Royce profits remain on course
Rolls-Royce has revealed a 9 per cent rise in profits, effectively ending speculation over possible further job cuts. The aerospace engine manufacturer shed over 5,000 jobs in October of last year, as the downturn in the aviation industry forced Rolls-Royce to implement a restructuring programme that saw their UK operations lose 3,800 employees.
Rolls-Royce profits remain on course
Rolls-Royce has revealed a 9 per cent rise in profits, effectively ending speculation over possible further job cuts. The aerospace engine manufacturer shed over 5,000 jobs in October of last year, as the downturn in the aviation industry forced Rolls-Royce to implement a restructuring programme that saw their UK operations lose 3,800 employees.
07 August 2001
BASF issue another profits warning
Chemicals giant BASF have issued another profits warning as second quarter results revealed a drop in profits of euro 131 million, down around 15 per cent on the same period in 2000. The interim report noted that in 2001 BASF were expecting a decline in income from operations from ongoing business”.
BASF issue another profits warning
Chemicals giant BASF have issued another profits warning as second quarter results revealed a drop in profits of euro 131 million, down around 15 per cent on the same period in 2000. The interim report noted that in 2001 BASF were expecting a decline in income from operations from ongoing business”.
19 October 2001
Rolls-Royce axe 5,000 jobs worldwide
Aero-engine manufacturer Rolls Royce has announced the loss of 5,000 jobs as the company attempts to deal with a fall in demand throughout the aviation industry. Roll-Royce is cutting back almost 10 per cent of its workforce and there will be 3,800 jobs axed at the firm’s UK plants including around 1,900 at the Derby plant.
Rolls-Royce axe 5,000 jobs worldwide
Aero-engine manufacturer Rolls Royce has announced the loss of 5,000 jobs as the company attempts to deal with a fall in demand throughout the aviation industry. Roll-Royce is cutting back almost 10 per cent of its workforce and there will be 3,800 jobs axed at the firm’s UK plants including around 1,900 at the Derby plant.
17 November 2009
Belfast Aerospace Base 'Takes Off'
NI's construction and engineering sectors 'merged' today as the first bricks were laid in a state-of-the-art aircraft wing manufacturing and assembly facility in east Belfast.
Belfast Aerospace Base 'Takes Off'
NI's construction and engineering sectors 'merged' today as the first bricks were laid in a state-of-the-art aircraft wing manufacturing and assembly facility in east Belfast.
03 May 2016
Bombardier Deal Welcomed
The Alliance Party has welcomed the announcement that Bombardier has secured a major order for its C Series aircraft from Delta Airlines. The American airline has agreed to purchase 75 CS100 aircraft with an option for 50 more. The C Series wings and other parts are produced in Belfast.
Bombardier Deal Welcomed
The Alliance Party has welcomed the announcement that Bombardier has secured a major order for its C Series aircraft from Delta Airlines. The American airline has agreed to purchase 75 CS100 aircraft with an option for 50 more. The C Series wings and other parts are produced in Belfast.
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Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.
