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.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

SDK Freja anticipates steep earnings drop following record year

Logistics company SDK Freja, which delivered record financials with great advancement on top and bottom lines, takes a more gloomy view of the current fiscal year due to several ”external factors.” However, the growth target remains the same, CEO tells ShippingWatch.

LNG carriers concerned about increasing ship prices

The price on new LNG vessels has soared vigorously, and for Flex LNG this has meant a withdrawal from the market for new ships. Such was the statement by Flex LNG’s chief exec at Marine Money in New York, where he also announced new long-term charter agreements.

Maersk ships delayed up to three weeks on US east coast

Bottlenecks at major container ports on the US east coast have entailed that Maersk vessels are affected by delays of up to three weeks. It’s a combination of congestion, many ships, and a lack of container space, Maersk says.

Further reading

Related articles

Latest news

See all jobs