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Rolls-Royce to Cut 400 Marine Jobs as Oil Hits Ship Sales

Updated on
  • Decline in crude prompts engine maker to re-size business
  • Cutbacks to result in $61 million in annual cost savings

Rolls-Royce Holdings Plc said it will cut another 400 jobs at its marine-engines arm as the oil-price decline continues to weigh on demand for the specialist offshore vessels that the business helps power.

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