The Rolls Royce Maritime Business continues to struggle through difficult trading times, with the loss of 800 skilled jobs, in a bid to save fifty million pounds. With up to 400 jobs set to disappear in the UK with the rest at various sites abroad. The company has already made cuts of a thousand jobs from it's marine outlet, which is a manufacturer and maintenance contractor for Naval and Commercial shipping, drilling platforms and associated shipping. All relating to the recent and turbulent fall in oil prices, which has hurt the industry in general.
The axe has fallen chiefly in Bristol and Dunfermline, but there are also sites in Derby, Portsmouth and Solihull and it is thought further cuts may well be necessary. Also with a number of positions disappearing in Senior Management.
The majority of the companies marine workers are based in Norway, whilst Rolls has also been moving work to Asia, Croatia and Poland, where manpower is much cheaper.
At present the oil industry is thought to have about thirty per cent of offshore vessels out of service and this is unlikely to improve in the near future.
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