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| Version 1 | Version 2 |
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| Rolls-Royce set to cut 2,300 jobs | Rolls-Royce set to cut 2,300 jobs |
| (20 minutes later) | |
| Engineering firm Rolls-Royce says it plans to cut up to 2,300 jobs to reduce costs and improve efficiency. | Engineering firm Rolls-Royce says it plans to cut up to 2,300 jobs to reduce costs and improve efficiency. |
| The job losses come as the firm struggles with high raw material prices and a weak dollar. | The job losses come as the firm struggles with high raw material prices and a weak dollar. |
| The cuts will affect the company's operations in the UK, US, Germany and the Nordic countries, the firm said. | The cuts will affect the company's operations in the UK, US, Germany and the Nordic countries, the firm said. |
| The losses will come among managerial, professional and clerical staff. The firm employs about 39,500 people in 50 countries, with 23,300 in the UK. | The losses will come among managerial, professional and clerical staff. The firm employs about 39,500 people in 50 countries, with 23,300 in the UK. |
| Headwinds | |
| Rolls-Royce declined to say how many jobs would be lost in the UK, but said it would try to make the cuts through voluntary redundancies. | |
| We will not accept any attempt to make compulsory redundancies Bernie Hamilton, Unite union Rolls-Royce share price | |
| "We are determined to create a leaner and more agile support structure, better suited to the global markets in which we operate," said Mike Terrett, Rolls-Royce's chief operating officer. | "We are determined to create a leaner and more agile support structure, better suited to the global markets in which we operate," said Mike Terrett, Rolls-Royce's chief operating officer. |
| "These actions will also help the group to mitigate external headwinds such as increasing raw material costs and the weak dollar," the firm said. | "These actions will also help the group to mitigate external headwinds such as increasing raw material costs and the weak dollar," the firm said. |
| Like many other British firms that do business in dollars, Rolls-Royce has seen its earnings hurt after the pound hit a 26-year high against the US currency last year. | |
| The Unite union said that the job cuts were disappointing given the firm's healthy order book. | |
| "We understand the competitive nature of the aerospace sector and the disproportionate effect that the weakened dollar against the pound is having on the industry," said Bernie Hamilton, national officer at Unite. | |
| "Any jobs lost are disappointing but we will not accept any attempt to make compulsory redundancies." |