Rolls-Royce – to cut 600 jobs in marine unit

British engineering group Rolls-Royce (RR.L) said it would cut 600 jobs in its Norwegian-focused marine business in response to the lower oil price, a move it said would have a “broadly neutral” impact on 2015 profits. 

Rolls-Royce is in the middle of a cost-saving plan in its aero-engines business and headquarters, axing 2,600 jobs, and the streamlining of its marine business comes after a year of profit downgrades and cancelled orders.

Chosen excerpts by Job Market Monitor. Read the whole story at Rolls-Royce to cut 600 jobs in marine unit as low oil price bites | Reuters.