Rolls-Royce Marine cuts hundreds of jobs in Norway

Following years of deficits and decreasing operating profits, Rolls-Royce Marine in Norway has now launched a comprehensive cost reduction initiative. This will result in hundreds of layoffs in 2015.

Rolls-Royce's Norwegian business has in the past few years suffered major losses and declining operating profits, and the British engine manufacturer has now embarked on a large-scale cost reduction initiative at its branches in Norway, consisting of Rolls-Royce Marine and Bergen Engines.

So far the company has cut 525 jobs this year, and head of communication Anette Bonnevie Wollebæk tells Norwegian business daily Dagens Næringsliv that Rolls-Royce Marine expects to cut as many as 600 jobs in 2015.

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