Rolls Royce bosses have defended their workforce despite this year's record losses, saying that people across the business 'work very hard'.
Chief Executive Warren East admitted that the company had faced well-publicised 'operational challenges', but insisted that there had been 'sustained improvement' too.
The British manufacturing giant was hit by the weak pound and a £671 million corruption fine, the company said.Read the full story ›
Rolls Royce has confirmed it is creating 350 new jobs in Derby after taking on £30billion worth of orders.
As we ramp-up production of the Trent XWB to deliver on £30bn worth of orders, we are working with employee representatives to increase the size of the workforce involved in assembling the engine.
Rolls-Royce is committed to the UK and we have announced well in excess of £400m of investment in new facilities here in the last couple of years alone, including £30m on the extension of our Trent XWB production facility in Derby.
The company has said it is currently creating a new campus in Derby.
Rolls Royce in Derby have been selected to build the propulsion systems for the new missiles in the nuclear deterrent upgrade.Read the full story ›
Rolls-Royce has won a £340 million long-term contract with Vietnam Airlines.Read the full story ›
The £6.1bn deal for Rolls Royce to supply 50 engines to Dubai-based airline Emirates is the largest order in the history of the aero-engine giant, its chief-executive has announced.
Rolls-Royce chief executive John Rishton said:
We are delighted that Emirates has again placed its trust in our technology, with the biggest order in our history.
In a huge boost to UK industry, Rolls-Royce will provide Trent engines which will power 50 Airbus A380 super-jumbos that will enter service from 2016.
Rolls Royce has won a £6.1 billion order from airline Emirates for Trent engines to power 50 Airbus A380 super-jumbos, the two companies have announced.
The Unite union says engineering skills will be difficult to replace if there's an increase in business at Rolls-Royce.
Yesterday the company, which employs workers in Derby and Hucknall, announced it was cutting 2,600 to save money and improve efficiency.
The company employs staff in Derby, Hucknall, Warwick and Ansty near Coventry.
Rolls-Royce has announced that thousands of jobs are to go as part of a programme to reduce costs and improve efficiency.
The company said 2,600 jobs will be lost over the next 18 months, mainly in the Aerospace division.
The firm employs staff at four locations in the Midlands, including its Derby HQ. The chief executive said these job cuts will not be the last. James Clark reports.
Rolls Royce has announced that thousands of jobs are to go as part of a programme to reduce costs and improve efficiency in the company.
The company says 2,600 jobs will be lost over the next 18 months, mainly in the Aerospace division.
In the Midlands, that will affect the company's sites in Derby, Hucknal in Nottinghamshire, Warwick, and Ansty, near Coventry. But it is not yet clear how many of the job losses will be at these sites.
We are taking determined management action and accelerating our progress on cost. The measures announced today will not be the last, however they will contribute towards Rolls-Royce becoming a stronger and more profitable company. We will work closely with employees and their representatives to achieve the necessary reductions on a voluntary basis where possible, while making sure we retain the skills needed for the future.