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Rolls-Royce to cut 400 marine jobs as oil slump hits ship sales
Cutbacks will save £40m a year with incremental benefits from 2016 onwards
Published Mon, Oct 5, 2015 · 09:50 PM
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London
ROLLS-ROYCE Holdings plc said it will cut another 400 jobs at its marine-engines arm as the oil-price decline continues to weigh on demand for the specialist offshore vessels that the business helps power.
The cutbacks will save £40 million (S$86.3 million) a ye…
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