Rolls-Royce Holdings Plc will cut 800 more posts at its marine-equipment and ship-design unit, or about 17 percent of the remaining workforce, as the lower price of crude hurts demand for oil-industry exploration and service vessels.
Restructuring steps will include a further simplification of the unit's structure, including a "streamlining" of senior management, plus unspecified cost-reduction initiatives, London-based Rolls-Royce said Thursday.
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