Friday, November 21, 2008

Now we know things are REALLY bad!!

Link

Rolls-Royce plans to cut up to 2,000 jobs worldwide, including 140 in the UK, after reviewing the impact of the current economic "uncertainties", the aerospace giant announced today.

The firm said it had started consulting unions about the proposed job losses at its assembly and test facility in Derby, part of the group's civil aerospace business.

Rolls-Royce, which employs 39,000 workers globally, 60 per cent of whom are based in the UK, said the announcement was the first stage in a more general programme aimed at matching the group's capacity more closely with the expected load in its facilities.