BRITISH engine-maker Rolls-Royce on Thursday said it will consolidate its Singapore aero engine assembly and test volume into its UK operations in Derby. Read more at The Business Times.
For the employees working at the Singapore assembly and test unit, the company will"proactively seek opportunities" for them within the Rolls-Royce ecosystem, said Bicky Bhangu, the company's president for South-east Asia, Pacific and South Korea.
Rolls-Royce will also explore options for the assembly and test facility in Singapore to be used for"near-term aerospace growth activities", Dr Bhangu said. The Singapore-UK moves are part of a major consolidation of the group's aerospace manufacturing facilities into six locations from 11.that the engineering giant confirmed plans to close factories in the UK's Nottinghamshire and Lancashire. About 350 jobs are at risk in Lancashire, while 120 staff in Annesley, Nottinghamshire will be offered transfers to the headquarters in Derby.
"We believe it will deliver an operationally effective and sustainable solution for the reduced level of demand in the commercial aerospace market that is expected to take several years to recover," Dr Bhangu said.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ocado ropes in Rolls-Royce executive to replace long-time CFOBritish online supermarket and technology group Ocado said on Thursday Duncan Tatton-Brown would step down as chief financial officer after eight ...
Read more »
Rolls-Royce posts $9.7 billion first-half loss, says 9,000 jobs may need to goLONDON (BLOOMBERG) - Rolls-Royce Holdings posted a pretax loss of £5.4 billion (S$9.74 billion) for the first half and said it plans to sell assets to raise cash as the coronavirus crisis batters air travel.. Read more at straitstimes.com.
Read more »
Aerospace giant Rolls-Royce logs US$7.1 billion H1 loss on COVID-19LONDON: British aerospace giant Rolls-Royce on Thursday (Aug 27) logged a vast net loss for the first half of 2020 as the coronavirus outbreak ...
Read more »
Ocado taps Rolls-Royce executive to replace long-time CFOBritish online supermarket and technology group Ocado said on Thursday Duncan Tatton-Brown would step down as chief financial officer after eight ...
Read more »
Tennis: Djokovic rolls past Sandgren at Western and Southern OpenNEW YORK: Top seeded Novak Djokovic made quick work of Tennys Sandgren on Tuesday (Aug 25), never dropping serve en route to a 6-2 6-4 win over ...
Read more »
Djokovic rolls past Sandgren at Western and Southern OpenREUTERS: Top seeded Novak Djokovic made quick work of Tennys Sandgren on Tuesday, never dropping serve en route to a 6-2 6-4 win over the American ...
Read more »