Rolls-Royce to Streamline Business Structure; Review Commercial Marine Operation
January 17 2018 - 8:52AM
Dow Jones News
By Oliver Griffin
Rolls-Royce Holdings PLC (RR.LN) said Wednesday that it will
further simplify its business by reducing its five operating
businesses to three core units, and also undertake a strategic
review of its commercial marine operation.
The engineering company said it will focus on three areas,
including civil aerospace, defense and power systems, adding that
it plans to consolidate its naval marine and nuclear submarine
operations within the existing defense business.
Rolls-Royce said that these actions are designed to align the
company with its strategic vision and said that the restructuring
will deliver an additional reduction in costs.
The process of defining the restructuring of the company is
ongoing and further details will be given at the time of the
company's 2017 financial results in March, the company said.
Shares at 1312 GMT were up 5.8%, or 49.60 pence, at 903.20
pence.
Write to Oliver Griffin at oliver.griffin@dowjones.com
(END) Dow Jones Newswires
January 17, 2018 08:37 ET (13:37 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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