Rolls-Royce is continuing the transformation of its marine business through a programme of increased investment in research and development and further job cuts.
The new proposals are said to build on a series of cost reduction initiatives carried out over the past two years, and focus on improving competitiveness by reducing corporate and administrative costs with most of the early savings being reinvested in increased R&D activity.
The number of employees will be reduced by up to 400 worldwide by the end of next year, in addition to the reduction of 600 employees previously announced in May, which was also driven by the impact of the low price of oil and subsequent fall in orders.
Rolls-Royce's Marine business employs around 5800 people in 34 countries, and supplies a range of technology and services to customers operating naval, merchant and offshore vessels.
