British engine maker Rolls-Royce on Sunday denied reports that it plans to cut 3,000 jobs. The company said in a statement that it has made no decisions about its workforce and that any suggestion of job cuts is "pure speculation."

The speculations came after the UK newspaper 'The Sunday Times' reported that the company's chief executive Tufan Erginbilgic has hired consultants to help the company save money and become more efficient. The report also said that part of the plan would involve merging non-manufacturing departments in each of Rolls-Royce's civil aerospace, defense and power systems divisions.

The company has now&nbsp;clarified: "We have made no decisions whatsoever on any potential impact on employees." The company is currently undergoing a strategic review and it is expected to be completed in the second half of 2023.

Rolls-Royce, a major supplier of engines for both commercial and military aircraft, has been hit hard by the pandemic, which has led to a decline in air travel. The aero-engineering giant is also facing challenges from new entrants in the engine market, such as General Electric and Safran.

Rolls-Royce's denial of job cuts comes at a time when several automobile companies have announced massive layoffs. While US carmaker Ford has cut 3,800 jobs in Europe, Stellantis and General Motors have together shelved 29,000 jobs in North America. Japanese carmakers Toyota and Nissan have announced termination of 3,000 and 12,500 employees respectively.

The automobile&nbsp;industry is undergoing a major technological transformation, which is leading to job losses in some areas.&nbsp;The total number of job cuts in the automotive industry in 2022 is estimated to be around 100,000. However, the number of job cuts in 2023 is expected to be even higher, as the industry continues to grapple with the aftermath of the pandemic, the war in Ukraine, and rising inflation.

British engine maker Rolls-Royce on Sunday denied reports that it plans to cut 3,000 jobs. The company said in a statement that it has made no decisions about its workforce and that any suggestion of job cuts is "pure speculation.

British engine maker Rolls-Royce on Sunday denied reports that it plans to cut 3,000 jobs. The company said in a statement that it has made no decisions about its workforce and that any suggestion of job cuts is "pure speculation." The speculations came after the UK newspaper 'The Sunday Times' reported that the company's chief executive Tufan Erginbilgic has hired consultants to help the company save money and become more efficient. The report also said that part of the plan would involve merging non-manufacturing departments in each of Rolls-Royce's civil aerospace, defense and power systems divisions. The company has now clarified: "We have made no decisions whatsoever on any potential impact on employees." The company is currently undergoing a strategic review and it is expected to be completed in the second half of 2023. Rolls-Royce, a major supplier of engines for both commercial and military aircraft, has been hit hard by the pandemic, which has led to a decline in air travel. The aero-engineering giant is also facing challenges from new entrants in the engine market, such as General Electric and Safran. Rolls-Royce's denial of job cuts comes at a time when several automobile companies have announced massive layoffs. While US carmaker Ford has cut 3,800 jobs in Europe, Stellantis and General Motors have together shelved 29,000 jobs in North America. Japanese carmakers Toyota and Nissan have announced termination of 3,000 and 12,500 employees respectively. The automobile industry is undergoing a major technological transformation, which is leading to job losses in some areas. The total number of job cuts in the automotive industry in 2022 is estimated to be around 100,000. However, the number of job cuts in 2023 is expected to be even higher, as the industry continues to grapple with the aftermath of the pandemic, the war in Ukraine, and rising inflation.

'Pure speculation': British engine maker Rolls Royce denies reports of job cuts

More than half of workers in five Southeast Asian countries are at high risk of losing their jobs to automation in the next two decades, an International Labour Organization (ILO) study found, with those in the garments industry particularly vulnerable. 
 
About 137 million workers or 56 per cent of the salaried workforce from Cambodia, Indonesia, the Philippines, Thailand and Vietnam, fall under the high-risk category, the study showed. 
 
&quot;Countries that compete on low-wage labour need to reposition themselves. Price advantage is no longer enough,&quot; said Deborah France-Massin, director for the ILO&#39;s bureau for employers&#39; activities. The report said workers have to be trained to work effectively alongside digitalised machines. 
 
Southeast Asia is home to more than 630 million people and is a hub for several manufacturing sectors, including textiles, vehicles and hard disk drives. 
 
Of the 9 million people working in the region&#39;s textiles, clothing and footwear industry, 64 per cent of Indonesian workers are at high risk of losing their jobs to automation, 86 per cent in Vietnam, and 88 per cent in Cambodia. 
 
Garment manufacturers in Cambodia, who take orders from retailers such as Adidas, Marks and Spencer and Wal-Mart Stores Inc, employ about 600,000 people. 
 
Neighbouring Vietnam is seeing record investment in its footwear and textiles industries, due to new free-trade pacts with major markets, including the US-led Trans-Pacific Partnership. It is the second-largest garment supplier behind China to the United States. 
 
The United Nations agency said technologies including 3D printing, wearable technology, nanotechnology and robotic automation could disrupt the sector. 
 
&quot;Robots are becoming better at assembly, cheaper and increasingly able to collaborate with people,&quot; the ILO said. 
 
The textiles, clothing and footwear sector is at the highest risk of automation out of five industries analysed in the study, including automotive and auto parts, electrical and electronics, business process outsourcing and retail. 
 
In the automotive and auto parts industry, more than 60 per cent of salaried workers in Indonesia, and over 70 per cent of those in Thailand face the risk of their jobs being displaced. 
 
Southeast Asia&#39;s automotive sector, the seventh-largest producer of vehicles in 2015 globally, employs more than 800,000 workers, the report said. 
 
Known as the &quot;Detroit of Southeast Asia&quot;, Thailand is a regional production and export hub for the world&#39;s top carmakers. The auto sector accounts for around 10 per cent of Thai GDP and employs a 10th of its workers in manufacturing. 
 
(Reuters)

The textiles, clothing and footwear sector is at the highest risk of automation out of five industries analysed in the study

More than half of workers in five Southeast Asian countries are at high risk of losing their jobs to automation in the next two decades, an International Labour Organization (ILO) study found, with those in the garments industry particularly vulnerable. About 137 million workers or 56 per cent of the salaried workforce from Cambodia, Indonesia, the Philippines, Thailand and Vietnam, fall under the high-risk category, the study showed. "Countries that compete on low-wage labour need to reposition themselves. Price advantage is no longer enough," said Deborah France-Massin, director for the ILO's bureau for employers' activities. The report said workers have to be trained to work effectively alongside digitalised machines. Southeast Asia is home to more than 630 million people and is a hub for several manufacturing sectors, including textiles, vehicles and hard disk drives. Of the 9 million people working in the region's textiles, clothing and footwear industry, 64 per cent of Indonesian workers are at high risk of losing their jobs to automation, 86 per cent in Vietnam, and 88 per cent in Cambodia. Garment manufacturers in Cambodia, who take orders from retailers such as Adidas, Marks and Spencer and Wal-Mart Stores Inc, employ about 600,000 people. Neighbouring Vietnam is seeing record investment in its footwear and textiles industries, due to new free-trade pacts with major markets, including the US-led Trans-Pacific Partnership. It is the second-largest garment supplier behind China to the United States. The United Nations agency said technologies including 3D printing, wearable technology, nanotechnology and robotic automation could disrupt the sector. "Robots are becoming better at assembly, cheaper and increasingly able to collaborate with people," the ILO said. The textiles, clothing and footwear sector is at the highest risk of automation out of five industries analysed in the study, including automotive and auto parts, electrical and electronics, business process outsourcing and retail. In the automotive and auto parts industry, more than 60 per cent of salaried workers in Indonesia, and over 70 per cent of those in Thailand face the risk of their jobs being displaced. Southeast Asia's automotive sector, the seventh-largest producer of vehicles in 2015 globally, employs more than 800,000 workers, the report said. Known as the "Detroit of Southeast Asia", Thailand is a regional production and export hub for the world's top carmakers. The auto sector accounts for around 10 per cent of Thai GDP and employs a 10th of its workers in manufacturing. (Reuters)

Millions of workers in Southeast Asian countries may lose jobs to automation: International Labour Organization study

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