Rolls-Royce Half Way To 2,600 Aerospace Job Cuts

Rolls-Royce has revealed it has cut half of the 2,600 global aerospace jobs it announced plans to axe last November.

Rolls-Royce has revealed it has cut half of the 2,600 global aerospace jobs it announced plans to axe last November.

In an interim management statement released last Friday (May 8), the OEM also warned that exchange rates could reduce its full-year revenues by £350m ($540m) if sterling remains at its current levels against the dollar, euro and Norwegian kroner.

The engine maker did, however, predict a stronger performance in H2 2015 when deliveries of the Trent XWB – the A350’s powerplant - are set to accelerate.

Derby-headquartered Rolls-Royce, which issued a profit warning in February, reaffirmed that it now expects to make profits of between £1.4bn ($2.1bn) and £1.55bn ($2.39bn), up to 13 per cent lower than the £1.62bn ($2.5bn) of profit the group made in 2014.

TAGS: Europe
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish