Parsons sheds 400 jobs
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Rolls-Royce is to cut 400 jobs at its Parsons power engineering subsidiary in Newcastle upon Tyne. The staff reductions, to be completed by the end of the year, are part of a continuing efficiency drive throughout the group, writes Mary Fagan.
The losses are in addition to 400 full-time job cuts announced last September. A further 200 people on short-term contracts have also been axed in recent months. Rolls-Royce said it does not envisage more restructuring at Parsons, which currently employs 2,200, during 1995. The company supplies complete power generation systems and steam turbines.
Mike Boden, managing director of Parsons Power Generation Systems, said: "This is necessary to improve our competitive position, and will not result in a reduction of our capability to undertake new projects worldwide, nor restrict the growth of our significant spares and servicing business."
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments