Rolls-Royce to Cut Jobs at Marine Unit Amid Slowing Business
Encana Bonds Diverge From Shares as Gas Tumbles
Norm Betts/BloombergThis article is for subscribers only.
Rolls-Royce Group Plc, which is already eliminating about 2,600 positions globally, said it will cut an additional 600 jobs at its marine unit that’s suffering from a slump in oil prices
The cuts, equivalent to about 10 percent of the workforce at the subsidiary, will be global in scope, though about 300 positions will go in Norway, where the majority of workers and manufacturing are located, the London-based company said in a statement on Monday.