21st Mar 2016 06:41
LONDON (Alliance News) - Engineer Rolls-Royce Holdings PLC will this week pledge to create 350 new jobs in 2017 at its factory in Derby in a bid to allay political concerns about the future of its UK manufacturing operations, the Financial Times reported.
Rolls-Royce has been cutting jobs heavily in order to restore itself to health, following a slew of profit warnings and challenges facing the group from a squeezed defence market, slowing aerospace sales and the downturn in the oil and gas industry.
Warren East, Rolls-Royce's chief executive, will make the commitment to MPs on Tuesday, with plans to expand the Derby factory to meet the steep rise in demand for its new XWB engine, which will be used in Airbus A350 wide-body jets.
https://next.ft.com/content/66421d38-ed4b-11e5-888e-2eadd5fbc4a4
By Sam Unsted; [email protected]; @SamUAtAlliance
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