Energy Voice | Rolls-Royce reviews ‘loss-making’ marine division

Rolls is also reviewing its loss-making commercial marine division, which supplies equipment and vessel design across oil and gas markets.

Mr East said that was still ongoing, but added the group planned to give an update on the review as part of a capital markets day presentation with investors on Thursday.

The group said that while the business has been slashing jobs over recent years, it has also been aggressively hiring staff to help almost double its large engine production each year, meaning the net reduction in jobs since 2015 is around 600.

Shares in Rolls rose 3% after the restructuring announcement.

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