Rolls-Royce issues Burnham ultimatum over £3bn jet engine project

Rolls-Royce issues Burnham ultimatum over £3bn jet engine project

Chief executive warns Labour to pledge funding or risk aerospace giant moving production abroad

ROLLS–ROYCE ISSUES £3bn ULTIMATUM TO THE BURNHAM LABOUR GOVERNMENT

ROLLS-ROYCE has issued an ultimatum to the just formed Burnham Labour government that it must back a £3bn plan for new short-haul jet engines or put the creation of 40,000 UK jobs at risk! Tufan Erginbilgic, the Rolls-Royce chief executive, said yesterday that Labour should pledge financial support to help Rolls Royce build engines for the next generation of jets being developed by Airbus and Boeing or risk it moving production abroad! He added:…