Rolls-Royce Marine to Cut 800 Jobs by Summer

Rolls-Royce Marine to Cut 800 Jobs by Summer
Rolls-Royce's marine division plans to conclude the reduction of around 800 roles worldwide by the summer, according to a company spokesperson.

Rolls-Royce’s marine division plans to conclude the reduction of around 800 roles worldwide by the summer, according to a company spokesperson.

The job cuts were originally announced in December as a result of ‘continuing weakness in the maritime market’.

“We are operating in a challenging and unpredictable market, and while we have already made significant changes to transform our Marine business, we continuously review our activities worldwide,” the spokesperson told Rigzone.

“Reducing our workforce is never an easy decision, but we have to have a business that can overcome the immediate challenges and focus on the technologies that will shape our future growth,” the spokesperson added.

Rolls-Royce’s marine division had 4,800 employees globally at the start of the year. The company provides a range of equipment for the upstream oil and gas sector, including seismic, subsea and well intervention vessels.

A graduate in journalism from Cardiff University, Andreas has eight years of experience as a business journalist. Email Andreas at andreas.exarheas@rigzone.com

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