Government Responds to Concerns Over Future of Jobs at Former Rolls-Royce Plant in Hucknall
The government has responded to the concerns of workers at the former Rolls-Royce plant in Hucknall after its new owner is at risk of being sold by the end of the year.
It comes after the Nottingham Post and Nottinghamshire Live called for guaranteed jobs, with all staff at the historic Hucknall site being transferred to Rolls-Royce’s ITP Aero subsidiary, which will soon be sold for at least $ 1bn. pound sterling.
The Basque Country-based engine and turbine maker to be sold by Rolls-Royce in a bid to improve its finances and move it closer to its Â£ 2bn target as the British engineering firm has lost billions of dollars. value during the coronavirus pandemic.
All staff transferred to ITP Aero on Monday 10 May and spoke to Nottinghamshire Live to express concerns that the new owner of ITP Aero may not guarantee their employment.
Their fears come because there are currently no conditions of sale to guarantee their future in a factory where generations have worked for decades.
The Department for Business, Energy and Industrial Strategy said the government will invest around Â£ 11 billion in the aerospace and aviation industries through loans and grants, as well as export guarantees.
It was pointed out that ITP Aero claims that all roles transferred to the company at the Hucknall site will remain in the UK and that a new owner may offer new job opportunities beyond that of Rolls-Royce .
A BEIS spokesperson said: “The aviation and aerospace sector remains a vital part of the UK economy and we will continue to work closely with Rolls-Royce and the industry at large to ensure he can support investments in green and advanced aerospace technologies here in the UK that will create new, well-paying green jobs for decades to come. â
Spain’s Aciturri Aeronautica is just one of the companies looking to buy ITP Aero, which raises the question of whether jobs would be offshored.
Councilors in the area say it would be a “great shame” if all jobs were lost under a new owner, as the factory was an asset to the local community and the economy.
Nottinghamshire Live made several attempts to contact Sherwood MP Mark Spencer and Ashfield MP Lee Anderson about the situation.
An ITP Aero spokesperson added, âITP Aero retains all of Hucknall’s employees as well as the strong management team, led by Ian Williamson.
âIn addition, as part of ITP Aero, Hucknall will be able to compete with other engine manufacturers in the industry and target new growth and investment opportunities.