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11/01/2008
UK Jobs To Go As Rolls-Royce Trims Costs
Prestigious engine manufacturer, Rolls-Royce, is to axe up to 2,300 jobs, some of which will be in its UK operation.
The measure is being taken across the company's European, UK and US bases in an effort to trim costs in response to a very competitive market and global financial 'belt-tightening'.
The group declined to confirm how many of the jobs in the UK would be cut, but said it would seek to secure voluntary redundancies where possible.
Rolls-Royce employs around 23,300 people in the UK at bases in locations including Derby and Bristol.
Bernie Hamilton, National Officer of the Unite union, said: "We understand the competitive nature of the aerospace sector and the disproportionate effect that the weakened dollar against the pound is having on the industry.
"Unite will do everything it can to help the company remain competitive, recognising that this announcement comes at a time of a healthy order book and recent successes in gaining new orders.
"Any jobs lost are disappointing but we will not accept any attempt to make compulsory redundancies."
Mike Terrett, Rolls-Royce Chief Operating Officer, said: "We are determined to create a leaner and more agile support structure, better suited to the global markets in which we operate.
"The investments we have already made in new management systems will help us deliver this simplified organisation. Rolls-Royce will continue to focus on ongoing cost reduction and productivity improvements as the business grows," he said.
The costs associated with the exercise in 2008 will largely be balanced by savings achieved in the course of the year.
The Group is said to have a record order book at present, access to global markets and a proven strategy, which continue to give it confidence for the future.
It is expected that the present restructuring will have no impact on the Group’s 2007 financial performance - which has been good.
(BMcC)
The measure is being taken across the company's European, UK and US bases in an effort to trim costs in response to a very competitive market and global financial 'belt-tightening'.
The group declined to confirm how many of the jobs in the UK would be cut, but said it would seek to secure voluntary redundancies where possible.
Rolls-Royce employs around 23,300 people in the UK at bases in locations including Derby and Bristol.
Bernie Hamilton, National Officer of the Unite union, said: "We understand the competitive nature of the aerospace sector and the disproportionate effect that the weakened dollar against the pound is having on the industry.
"Unite will do everything it can to help the company remain competitive, recognising that this announcement comes at a time of a healthy order book and recent successes in gaining new orders.
"Any jobs lost are disappointing but we will not accept any attempt to make compulsory redundancies."
Mike Terrett, Rolls-Royce Chief Operating Officer, said: "We are determined to create a leaner and more agile support structure, better suited to the global markets in which we operate.
"The investments we have already made in new management systems will help us deliver this simplified organisation. Rolls-Royce will continue to focus on ongoing cost reduction and productivity improvements as the business grows," he said.
The costs associated with the exercise in 2008 will largely be balanced by savings achieved in the course of the year.
The Group is said to have a record order book at present, access to global markets and a proven strategy, which continue to give it confidence for the future.
It is expected that the present restructuring will have no impact on the Group’s 2007 financial performance - which has been good.
(BMcC)
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05 November 2014
Unite Union Warn Rolls-Royce Against Compulsory Redundancies
Following the announcement on Tuesday that a total of 2,600 jobs are to be cut at Rolls-Royce, Unite the union has issued a warning, saying that the firm will have to "work hard to justify" the job losses.
Unite Union Warn Rolls-Royce Against Compulsory Redundancies
Following the announcement on Tuesday that a total of 2,600 jobs are to be cut at Rolls-Royce, Unite the union has issued a warning, saying that the firm will have to "work hard to justify" the job losses.
17 January 2014
Rolls-Royce To Cut Two Hundred Jobs
Two hundred jobs are to be cut at the Rolls-Royce aerospace plant in Renfrewshire. The company blamed challenging marketing conditions for the job cuts when it told staff on Thursday of the cuts. Some work as already been transferred out of the plant while the company reviews its supply chain.
Rolls-Royce To Cut Two Hundred Jobs
Two hundred jobs are to be cut at the Rolls-Royce aerospace plant in Renfrewshire. The company blamed challenging marketing conditions for the job cuts when it told staff on Thursday of the cuts. Some work as already been transferred out of the plant while the company reviews its supply chain.
04 November 2014
Rolls-Royce Announce 2,600 Job Cuts
A total of 2,600 jobs are to be cut by Rolls-Royce over the next 18 months. It is understood the majority of the job cuts will be in its aerospace division, and will be cut by next year. Announcing the job cuts, chief executive John Rishton said: "We are taking determined management action and accelerating our progress on cost.
Rolls-Royce Announce 2,600 Job Cuts
A total of 2,600 jobs are to be cut by Rolls-Royce over the next 18 months. It is understood the majority of the job cuts will be in its aerospace division, and will be cut by next year. Announcing the job cuts, chief executive John Rishton said: "We are taking determined management action and accelerating our progress on cost.
05 July 2013
Rolls-Royce Face US Lawsuit Over Alleged Engine Defects
Two former Rolls-Royce employees are bringing a lawsuit in the US, claiming that the company "cut corners on quality control requirements" and "lied to" customers. The lawsuit goes on the claim that the car firm "routinely used defective parts designated as 'scrap only'".
Rolls-Royce Face US Lawsuit Over Alleged Engine Defects
Two former Rolls-Royce employees are bringing a lawsuit in the US, claiming that the company "cut corners on quality control requirements" and "lied to" customers. The lawsuit goes on the claim that the car firm "routinely used defective parts designated as 'scrap only'".
09 January 2012
Rolls Royce Announce Record Sales
In stark contrast to the ongoing deep recession, Luxury car manufacturer Rolls-Royce have revealed record sales results for this year, the best in their 107-year history. According to the manufacturer, 3,538 cars were sold globally during the year, a 31% increase on the 2010 total of 2,711 cars.
Rolls Royce Announce Record Sales
In stark contrast to the ongoing deep recession, Luxury car manufacturer Rolls-Royce have revealed record sales results for this year, the best in their 107-year history. According to the manufacturer, 3,538 cars were sold globally during the year, a 31% increase on the 2010 total of 2,711 cars.
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