Engines, Nuclear Power plants for submarines, defence and civil aerospace, and the problem they have identified is that it is underperforming relative to its peers, so when he came into thejob he promised to shake things up, and what he wants to do is take the three big divisions that make up rolls royce, civil, aerospace, defence and a Company Called Power Systems in germany that makes large engines, and bring them close together, rationalise them, meaning there will be a lot of duplication in back Office Functions that can be got rid of, so that is where we expect the job cuts to happen, other parts of the business, its Nuclear Submarines business, we dont expect cuts there, and in civil aerospace, people who make engines, a lot of those job cuts will trend back during the pandemic, in fact rolls royce is now recruiting in those areas so that is unlikely to feel a big impact, those areas so that is unlikely to feela big impact, one of those areas so that is unlikely to feel a big imp
Through what is moving and why and weigh up the latest prediction that the Pound Sterling is due for a bounce back. Powering the future. Well be getting the inside track on a business which hopes to provide Young Companies with cheap Renewable Energy. And today we want to know, how green is your energy, and does it matter . Or when it comes to choosing a supplier, is it all about price . Let us know, just use the hashtag bbcbizlive. It isa it is a packed agenda as per usual, so it is a packed agenda as per usual, so lets get started. We begin in south africa, where president jacob zuma is under pressure because a No Confidence Vote in his leadership is being considered by the parliaments speaker. Its because of the contorversial Cabinet Reshuffle last week which saw the respected Finance Minister Pravin Gordhan and many other Cabinet Members sacked. Thats had a big impact. Lets talk you through the reaction. Within hours of mr gordhans removal, the south african currency, the rand, fel
ALBAWABA – After reporting a drop in quarterly deliveries for the first time in over four years on Tuesday, falling short of Wall Street estimates, Tesl
Tesla has announced price cuts for its electric vehicles in China and Germany to boost sales amidst declining global deliveries and heightened competition. The move follows earlier price reductions in the United States. Elon Musk s planned trip to India, where Tesla was expected to enter the market, has been postponed due to his commitments at Tesla. The company also plans to reduce its global workforce by over 10%. There is speculation about Tesla s plans for an affordable EV, with reports suggesting a shift in focus towards robotaxis.