P505 Teletext 505 Feb11 00:12:11
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ROLLS FIRM TO AXE 400 JOBS
A Rolls-Royce subsidiary company has
announced plans to axe 400 jobs.
Tyneside-based power engineering
company Parsons, which employs 2,200
people, said the move was part of a
"drive for greater efficiency".
The company added that the job losses,
most of which will be compulsory, were
needed to improve its "competitive
position".
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