Rolls-Royce job cuts spark rebellion in town under lockdown

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

[LONDON] Under the glowering skies of the Pennine Hills in northern England, the usually unassuming town of Barnoldswick sits draped in a colourful display of red and white bunting. But this is no festival. The banners on street corners and in store windows are emblazoned with an image of a jet engine and entreaties to join the 'Battle for Barnoldswick'. Read more at The Business Times.

Barnoldswick is bracing for a severe financial hit if the factory, which occupies two sites in the town, is lost. Along with a Rolls-Royce nuclear-services business in north-west England, it contributes £1.1 billion a year to the region's economy, based on a 2017 study commissioned by the company.

Rolls-Royce traditionally makes its money from servicing its aircraft engines over years rather than their initial sale, income that's dried up with the biggest travel slowdown. It's also been saddled with the cost of meeting demand for new Airbus SE A350s while fixing glitches on turbines for those that power Boeing's 787s.

Ross Quinn, regional officer for aerospace at the Unite union, said that breaches a 2009 deal to balance output between the sites. Locating fan blade production solely in Asia also makes no sense when the engines are assembled at Rolls-Royce's main plant 130 kilometres away in Derby, central England, he said.

British inventor Frank Whittle shifted his work on the ground-breaking propulsion system to Barnoldswick in 1943 at a site acquired by Rolls-Royce well away from the attention of German bombers.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 15. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines