Rolls-Royce Marine warns of further layoffs

Rolls-Royce is in the midst of comprehensive efforts to improve efficiency at its marine division, and the company points to further layoffs in the coming year.

More employees will lose their jobs at Rolls-Royce Marine over the coming year, according to a press release from the company. By the end of 2016, Rolls-Royce Marine will have 400 fewer employees globally, in addition to the reduction of 600 employees in Norway announced over summer. The lay-offs are partly due to current oil prices and a significant decline in orders for the company.

"Reducing our workforce is never an easy decision, but the continued weak oil price, and the need to become more competitive, means it is necessary, if we are to build a strong base from which we can successfully grow this business in the future," says Mikael Makinen, chairman of Rolls Royce Marine in the press statement.

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