Rolls-Royce announces job losses

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ROLLS-ROYCE Holdings PLC has announced plans to cut 2,600 jobs nationally.

The company is separate from Rolls Royce Motor Cars, which has its headquarters in Westhampnett, at its Goodwood Plant.

Rolls-Royce Holdings announced on Tuesday plans for ‘additional headcount reductions as part of an intensified programme to improve operational efficiency and reduce cost across the group’.

The company said the job losses would happen in the next 18 months, mainly in the aerospace division

“The investment we have made in technology and new capacity, alongside the organisational changes we have made to simplify the group, have enabled us to increase output and improve efficiency,” said a spokesman.

The changes are expect to create initial restructuring costs of £120m over the next two years.

“We intend to accrue around half of these costs this year, subject to employee consultation. We expect annualised cost benefits of around £80m when fully implemented,” he added.

The motor cars side of the company recently announced a job boom for the area, with a new factory in Bognor Regis.