Planes, Trains, and Automobiles: Rolls-Royce on Global Purge, Layoff of 5%

Rolls-Royce, who is involved in two of the three businesses listed in the title of this post with the trains excepted, has decided to globally cut 2,000 employees off their books in their announced layoff program.

Automobiles and Planes, wow, what a bad combination of businesses to be involved in at this stage of the economic cycle. Although their autos are for a different class of people, I am sure there's plenty of the fabulously wealthy blowing themselves up in hedge funds and their own malinvestments like Yahoo, their own company's stock, and oil prices. These people might think twice before purchasing a new automobile.

Additionally, the planes area is hit hard by the commoners. With reduced credit lines and no cash, many people will have no means to use the airplanes. In fact, the airliners have much less use for their existing airplanes let alone new product.

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