Latest cuts engage redundancies at struggling division to 1000 since May as the low oil price bitesRolls-Royce has announced up to 400 job cuts at its marine division,taking the number of redundancies at the struggling trade to about 1000 in the past five months.
The engine-maker said cutting mainly corporate and administrative jobs would free money for greater investment in research and development. The marine operation, which makes and maintains power and propulsion systems, or has been hit by falling orders caused by the slump in the oil price. Continue reading...
Source: theguardian.com