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.
Manufacturing Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28.22 - Manufacture of lifting and handling equipment
190 jobs Number of planned job losses
Announcement Date
18 May 2015
Employment effect (start)
30 June 2015
Foreseen end date
31 December 2015
Description
Engineering group Rolls Royce is to cut around 325 jobs in its marine division in Norway by the end of the year. The reduction is part of a global restructuring plan, but half of the cuts will take place in Norway.
The restructuring will affect six locations, mainly in Sunnmøre. Engineers and administrative personnel will be first affected. Initially, it was announced that about 200 were expected to lose their job before the summer. An additional 125 employees would then be dismissed before the end of the year. The company started talks with union representatives, before individual employees affected will be informed personally. This process was expected to last until the end of June.
The company’s marine business employs 6,000 people in 34 countries, of whom 2,300 in Norway, where most manufacturing and workers are located. Falling oil prices are cited as the main reason for the cost reduction programme.
Update, July 2015: Rolls-Royce Marine has formally informed its Norwegian employees of the restructuring, which is set to be smaller than initially announced. A total of 190 jobs will be cut by the end of the year. 100 employees received notice of dismissal in June, most with a three-month dismissal period. 90 more jobs will be cut before the end of the year. 70 positions will be cut at the sites of Longva and Brattvåg. 52 will be dismissed In Ålesund and 51 will be dismissed in Ulsteinvik and Hjørungavåg. The last 17 positions will be cut in Bergen.
Sources
18 May 2015: Rolls Royce - press release
19 May 2015: Sunnmørsposten
19 May 2015: NRK
18 June 2015: NRK
Citation
Eurofound (2015), Rolls Royce Marine, Internal restructuring in Norway, factsheet number 83625, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/83625.
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