Rolls-Royce Holdings Plc said it will cut another 400 jobs at its marine-engines arm as the oil-price decline continues to weigh on demand for the specialist offshore vessels that the business helps power. The cutbacks will save 40 million pounds ($61 million) a year, with incremental benefits from 2016 onwards, the London-based company said in a statement Monday. Most of the early savings will be invested in increased research and development, the company said. Profit and revenue guidance for the marine unit remains unchanged, according to Rolls-Royce, which is cutting more than 3,000 jobs across its entire business. The cuts announced Monday follow the elimination of 600 factory posts at the division announced in May, mostly focused on Norway, where Rolls-Royce’s marine manufacturing operations are based. Rolls-Royce is slimming down the marine unit from a workforce of 5,800 as Chief Executive Officer Warren East undertakes a review of the […]