Rolls-Royce is expected to pledge its commitment to UK on 22 March amid fears over the company’s manufacturing activity, especially since it has issued many profit warnings. To allay the concerns, the company is likely to create 350 new jobs over the next year at its Derby factory.
Warren East, chief executive at the engineering giant will also meet Midlands MPs and address concerns over the impact of the company’s restructuring procedure – which is aimed at improving profits and competitiveness – on their constituencies. “Rolls-Royce is committed to the UK and we have announced well in excess of £400m [€512.59m, $577.93m] of investment in new facilities here in the last couple of years alone, including £30m on the extension of our Trent XWB production facility in Derby,” the company said.
An increase in production of the XWB – the company’s newest engine for the Airbus A350 wide-body jet – will see the expansion of its 8,000 strong civil aerospace workforce at Derby. However, legislators are expected to seek more commitment from East. They are expecting the company to manufacture Advance and UltraFan next generation engines in the UK, which would guarantee jobs for decades.