7,000 Rolls-Royce jobs secured with firm’s £150m investment in East Midlands
The move will see expansion at the engines giant’s Derby base.
More than 7,000 jobs are being safeguarded at Rolls-Royce after the group announced its biggest single investment in the UK for more than a decade.
The aircraft engine giant said it would be investing £150 million over the next few years in new and existing civil aerospace facilities across the East Midlands.
It will be creating a new facility at its historic site in Derby for the testing of large civil aero engines, which will create up to 200 jobs.
The group will also axe previously announced plans to close a precision machining facility in Derby, which will save around 150 jobs that were at risk.
Rolls said it had also committed to safeguarding 7,000 jobs after talks with trade unions, pledging there will be no compulsory redundancies in the East Midlands region for five years.
Eric Schulz, president of civil aerospace at Rolls-Royce, said: “This investment comes at a time of unprecedented growth in Rolls-Royce.
“We are doubling the production of new engines at the same time as introducing three new engines to the market.
“With this investment, we are creating the capacity and flexibility to deliver on our goals, while committing to sustain employment in the UK.”
Rolls employs around 12,000 staff in the East Midlands, of whom 7,000 are covered by the union agreement.
Business Minister Greg Clark said the investment was “good news” for the UK, which has now kicked off Brexit negotiations.
He said: “I welcome the confidence that the company is showing in the UK.
“These facilities are good news for Rolls-Royce, its UK suppliers and our economy.”
The investment by Rolls comes as it ramps up production to deliver on its £7 billion civil aerospace order book.
Unite union national officer Ian Waddell said: “There were real fears that future investment could go overseas, but thanks to the skills, capabilities and adaptability of Rolls-Royce’s UK workforce, thousands of jobs have been secured.
“This massive vote of confidence in a world-leading workforce will also mean more high- quality apprenticeships and secure Rolls-Royce’s manufacturing base in the UK for the next 20 years.”