Business Secretary Greg Clark has said the Government will work with Rolls-Royce to make sure the "interests of the workforce are strongly represented".
The company around 4,600 jobs will be axed in their latest round of restructuring. 1,000 of those will be at the Rolls-Royce's headquarters in Derby.
Speaking in the House of Commons, Mr Clark said:
Shadow business minister Gill Furniss said the announcement was "deeply disturbing news" and called on Mr Clark to implement "a reinvigorated local industrial strategy".
Mr Clark responded, saying he was working very close with the local enterprise partnership to ensure that "opportunities that exist in Derby and the West Midlands are taken up".
Speaking earlier in the question session he said:
Labour MP Chris Williamson, whose Derby North constituents will likely be affected by the cuts, said the move represented a "failure of shareholder capitalism".
Mr Clark responded, saying he would make sure that the "interests of the workforce are strongly represented", but added: "In terms of his overall statement on what he said about efficiency and companies, I think he should just reflect his desire to overthrow capitalism will make it very hard for anyone to find work in any private company at any time."