Aero-engine manufacturer Rolls-Royce will not boost its workforce despite a record level of orders, chairman Sir Ralph Robins said this week.
Rolls-Royce announced over $1bn (£650m) worth of orders for its Trent engines under contracts by Emirates and International Lease Finance Corporation for Airbus A340s. And the firm took record orders in the first half of 1998 £1bn more than in the first half of last year.
‘We increased output by 50% last year and expect a further 20% this year and 10% next, but this can be achieved with the workforce we have,’ said Robins.
The company will invest heavily in capital equipment and continue its cost cutting programme. It has 31,800 employees in the UK.
Robins rejected suggestions that the company, which took 34% of all civil aerospace orders placed last year, had been buying market share. He put the success down to the breadth of the company’s range of products, based partly on a number of joint ventures.
Robins does not expect any consolidation in the sector. ‘Even if there were, we’d survive as the only one outside the US,’ he said.