Rolls-Royce to slash up to 2,000 jobs

[weblord]

http://edition.cnn.com/2008/BUSINESS/11/20/rolls.royce.jobs.ap/index.html?eref=edition_business

i hate to be bearer of bad news, but i report as soon as i read.

 

[maxeaus]

My family has a long history of working for and owning Rolls Royces. It was very sad when RR was sold off to the Germans, back in the last downturn in early 2000's. My father is an authority in Australia in pre and post war RR's.

Given the current state of the auto sector, it dose not surprise me that RR would shed jobs. Most RR sales over the last 5 years have been to China, Russia and the booming Middle East. I think Russia would be the worst hit of these countries.

RR sold around 12 cars to Australia last year, which was a record i think, but i expect this would be around 2 or 3 a year for the next 2 years.

Bentley has been an even bigger success the last 5 years, and are particularly popular with rappers and sports stars in the USA, so they may not be hit so hard. They are of course a seperate company now, owned by VW.

BMW which owns RR will surely be hit in all sectors by consumers downgrading their vehicles. Worldwide, Rolls-Royce Motor Cars' 2007 sales increased by 25 per cent, with 1,010 cars sold. Most to Arab countries then China in second place.

There is no doubt though that RR will survive, unlike GM's and Fords chances.

 

[HuntingMoon]

i hope a lot of the laid off people get jobs in the alternative energy field

 

[maxeaus]

i hope a lot of the laid off people get jobs in the alternative energy field

I get where your coming from here, but RR only sold 1,010 in 2007. It's hardly going to change anything environmentally. Many would be highly skilled specialists in their field.

It's GM and Ford workers that may need to look into the alternative energy biz. Millions of gas guzzling GM's and Fords make a difference.