Space Travel News  
FLOATING STEEL
Rolls-Royce to cut 800 jobs in marine business
by Staff Writers
London (AFP) Dec 1, 2016


British engine maker Rolls-Royce said Thursday it was slashing 800 jobs worldwide in its marine business, where its order book is "very weak".

The marine sector employs 4,800 people in 34 countries, with Norway the most significant with 1,900 workers. The division designs ships and systems, largely for the oil and gas market.

Rolls said the job cuts would be made in 2017 in a bid to make savings of around �45 million to �50 million ($57 million to $63 million; 53 to 59 million euros).

Rolls had already cut its marine division workforce back from 6,000 last year in response to a slump in the offshore oil and gas market caused by low crude prices.

"The ongoing market weakness that has followed the dramatic fall in the price of oil continues to have an adverse impact upon our order book and profitability," said Mikael Makinen, president of the Rolls marine division.

"Reducing our workforce is never an easy decision, but we have no option but to take further action beyond the changes we have made to date."

Rolls said in a trading update in November that its order book in the marine division was "very weak" and it did not envisage a recovery in offshore oil and gas markets.

rjm/dt/kjm

ROLLS-ROYCE HOLDINGS


Comment on this article using your Disqus, Facebook, Google or Twitter login.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Naval Warfare in the 21st Century






Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
FLOATING STEEL
Australia issues request for tender for 12 Offshore Patrol Vessels
Canberra, Australia (UPI) Nov 30, 2016
The government of Australia has issued a request for tender to three shortlisted designers for the production of its multibillion dollar Offshore Patrol Vessel project. Prospective contracts will cover 12 of the vessels, which will be used to phase out the Australian military's existing Armidale-class patrol boats. Government officials say designers Damen, Fassmer and Luerssen must focu ... read more


FLOATING STEEL
Russia to face strong competition from China in space launch market

Vega And Gokturk-1A are present for next Arianespace lightweight mission

Antares Rides Again

Four Galileo satellites are "topped off" for Arianespace's milestone Ariane 5 launch from the Spaceport

FLOATING STEEL
First views of Mars show potential for ESA's new orbiter

ExoMars space programme needs an extra 400 million euros

Opportunity team onsidering a new route due to boulder field

Mars Ice Deposit Holds as Much Water as Lake Superior

FLOATING STEEL
Skygazers gawp at extra bright 'supermoon'

There's an 'extra-super' Moon on the rise

November 14th's Super-Close Full Moon

China "well prepared" to launch Chang'e-5 lunar probe in 2017: top scientist

FLOATING STEEL
New analysis adds to support for a subsurface ocean on Pluto

Pluto follows its cold, cold heart

New Analysis Supports Subsurface Ocean on Pluto

Mystery solved behind birth of Saturn's rings

FLOATING STEEL
Timing the shadow of a potentially habitable extrasolar planet

Fijian ants began farming 3 million years ago

Researchers propose low-mass supernova triggered formation of solar system

Scientists from the IAC discover a nearby 'superearth'

FLOATING STEEL
Ariane 5's impressive 75 in-a-row launch record

Vega ready for GOKTURK-1A to be encapsulated

Star One D1 arrives for heavy-lift Ariane 5 in Dec with 2 SSL-built satellites

SLS propulsion system goes into Marshall stand ahead of big test series

FLOATING STEEL
China launches 4th data relay satellite

Material and plant samples retrieved from space experiments

Chinese astronauts return to earth after longest mission

China completes longest manned space mission yet

FLOATING STEEL
Chicxulub : a unique crater to elucidate planetary surfaces

Asteroid impacts could create niches for life

New Ceres Views as Dawn Moves Higher

Report confirms scientific benefits of NASA's Asteroid Redirect Mission









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.