Aerospace Engineering: Pendle

Part of Oral Answers to Questions — Business, Innovation and Skills – in the House of Commons at 9:30 am on 26 March 2015.

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Photo of Vincent Cable Vincent Cable The Secretary of State for Business, Innovation and Skills 9:30, 26 March 2015

I have discussed Rolls-Royce’s long-term strategy with its chief executive on several occasions. We are well aware that it is a global company, and that to maintain its strength it invests internationally, including in India. It is also investing a great deal in the UK, and we work closely with it, not just in the aerospace sector. The talent retention scheme is ensuring that the vast majority of the unfortunate individuals who lost their jobs in the restructuring will be redeployed in high value jobs in the aerospace and related industries.