Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
British engineering group Rolls Royce is to cut 600 jobs in its marine unit by the end of the year.
The reduction will be global, but half the cuts will take place in Norway, where most manufacturing and workers are located. The company blamed the cuts on the effects of falling oil prices.
The company’s marine business employs 6,000 people in 34 countries.
The cuts come in addition to cuts in Rolls Royce’s overall headcount of 2,600 announced in November 2014 which will mainly hit its aerospace division. Rolls Royce is currently consolidating manufacturing in several locations in the UK, US, Norway, Sweden and South Korea.
Eurofound (2015), Rolls Royce Marine, Internal restructuring in World, factsheet number 83470, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/83470.