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
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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 year, with incremental benefits from 2016 onwards, the London-based company said on Monday.
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