Martin Waller
Attend a special evening hosted by Mike Atherton
Rolls-Royce, the aerospace engineer, has announced further job cuts of between 1,500 and 2,000 around the world during next year, with 140 earmarked to go at its assembly and test facility in Derby.
The redundancies bring the number of jobs lost by British companies since last Wednesday to more than 22,000 worldwide. Rolls-Royce has largely completed a round of 2,300 job cuts announced in January for 2008.
The company is the latest leading British company to impose heavy job losses, following BT last week, which is letting 10,000 people go, Royal Bank of Scotland, which is cutting 3,000 jobs, GlaxoSmithKline, the pharmaceutical giant, which said it was closing a factory in Kent with the loss of 620 jobs, and Virgin Media, which is cutting 2,000 jobs over the next four years.
The building industry has seen more than 10,000 jobs cut, with Wolseley, the latest construction products company to say earlier this week that it was cutting an additional 2,000 jobs, on top of previous headcount reductions.
Unemployment has surged to an 11-year high as the recession tightens its grip on Britain.
In October the number of people out of work grew by 140,000 to 1.82 million. The number of people claiming jobseekers' allowance was the ninth successive increase and the biggest monthly jump in 16 years. Economists now forecast that the total will soar to more than one million next month.
Rolls-Royce said that it was in talks with employee representatives about the losses at Derby. It has yet to decide where the rest of the redundancies will take place.
Rolls-Royce said the 2009 job cuts represented four per cent of its total workforce of 39,000 people.
Sir John Rose, the chairman of Rolls Royce, said it was too early to determine the precise effects of the global economic downturn and cancelled orders on the group's business.
"However, we wanted to give all our employees an early indication of the likely scale of the job reductions we expect in 2009."
Industry sectors news at a glance. Interactive heatmap, video and podcast
Everything the Business Traveller needs to know to make a better trip
Get ready for the winter sports season, with our resort guides and snow reports
We are backing British business, what is the confidence of the nation and what businesses are succeeding?
Growing demand for energy, oil that is harder to reach and the rise of carbon dioxide emissions. We examine the energy challenge
With rail travel in Europe on the rise, we review the benefits of travelling by train
In this special section we explore new food trends to help improve your dinner party and impress guests
Enjoy further reading from Travel to Fashion, Business to Sport, discover more
1998
£47,955
12 months for the price of 11 and a 5% discount.
Offer ends 31/11/09
Check your free Experian credit report before applying
Car Insurance
£353 per day
Phonepay Plus
London
PwC’s Consulting practice helps businesses of all shapes and sizes work smarter and grow faster
PwC
£37,000
Department for Culture, Media and Sport
London
Currently £36,285
Department for Culture, Media and Sport
London
Moments from Battersea Park.
For sale with Winkworth
Find out about shared ownership.
See your free Experian credit report beforehand
Accommodation, flights, tickets to the race and a KL city tour for only £999pp
PremierHolidays.co.uk
For your ultimate tailor-made ski holiday, click here
Get covered on your travels with a superb range of policies at great prices. Visit InsureandGo.com
World Class Golf, Spa and preferential Beach Club. Private estate overlooking West Coast
Villas from £275 per night inclusive of Golf
Contact our advertising team for advertising and sponsorship in Times Online, The Times and The Sunday Times, or place your advertisement.
Times Online Services: Dating | Jobs | Property Search | Used Cars | Holidays | Births, Marriages, Deaths | Subscriptions | E-paper
News International associated websites: Globrix Property Search | Milkround
Copyright 2009 Times Newspapers Ltd.
This service is provided on Times Newspapers' standard Terms and Conditions. Please read our Privacy Policy.To inquire about a licence to reproduce material from Times Online, The Times or The Sunday Times, click here.This website is published by a member of the News International Group. News International Limited, 1 Virginia St, London E98 1XY, is the holding company for the News International group and is registered in England No 81701. VAT number GB 243 8054 69.