Despite its issuance of many profit warnings, Rolls-Royce is expected to fulfil its commitment to the United Kingdom on Mar. 22, as reported by The Business Times on Monday.
Amidst all the fear due to the company's manufacturing activity, Rolls-Royce is likely to create 350 new jobs over the next year at its Derby factory as they seek to calm concerns over their British manufacturing operations. The company's chief executive, Warren East, will meet up with local MPs at the House of Commons on Mar. 23 to respond to the requests that have been made after the warning profit that was given to the company in November.
Rolls-Royce said that more employees and workers are needed at its Derby base to be able to assemble its Trent XWB engine, which is the company's newest engine for the Airbus A350 wide-body jet, as production increases to cater to the orders. Some of the vacancies will be filled by workers from other parts of the Derby operation but most of the selection will be new jobs.
According to The Guardian, Rolls-Royce has announced about 2,600 job cuts in Nov. 2014. The most affected workers are those from the Derby plant in Bristol. "As we ramp up production of the Trent XWB to deliver £30bn-worth of orders, we are working with employee representatives to increase the size of the workforce involved in assembling the engine. Rolls-Royce is committed to the UK and we have announced well in excess of £400m of investment in new facilities here in the last couple of years alone, including £30m on the extension of our Trent XWB production facility in Derby," a company spokesman said.
The famous engineering group, which makes Boeing's 787 Dreamliners' engines and Airbus's A380 superjumbos, has issued a total of five profit warnings in a matter of only less than two years. The company also stated that the underlying profits for 2015 fell 12%.
