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Rolls-Royce prepares further dramatic cuts to its marine division

Rolls-Royce Holdings is preparing to further slim down its marine side of the business, its ceo said yesterday.

Warren East said at an investor briefing that more marine engine and ship design units will be shuttered and production will shift to emerging economies as the company battles the low oil price environment and the weak shipping markets.

Redundancies are likely to be most keenly felt in Scandinavia, where Rolls-Royce has already slashed its headcount dramatically. Overall, Rolls-Royce’s marine workforce has been cut by 25% in the past two years, and will total 4,800 people by the end of this year.

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Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

Comments

  1. Whilst not celebrating anyone losing their job, there’s a certain irony in the workforce of RR being “trimmed” when one considers that they developing unmanned ships which will result in massive job losses amongst seafarers, if the project is successful.

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