Daily Management Review

Britain’s BAE System to cut 1,000 jobs this week


10/09/2017


The move will affect its Warton plant in Lancanshire where it assembles the Eurofighter Typhoon fighting jet.



On Monday, British defense company BAE Systems stated it would be cutting more than 1,000 job this week.

The development will affects its plants in Warton, Lancashire in northern England where it assembles the Eurofighter Typhoon jet.

The company employs 34,600 people in Britain.

The company has already slowed down its production levels while it awaits a major order from Saudi Arabia.

In August, BAE Systems’ CEO Charles Woodburn, who recently took over from Ian King, had said, he was confident of upcoming orders for the aircraft; the project is a joint venture between France’s Airbus Britain’s BAE and Italy’s Finmeccanica.

In September, Qatar had agreed to buy 24 Typhoons.

Incidentally, the Typhoon has won fewer orders this year in comparison to its peer Rafale built by France’s Dassault Aviation.

In August, BAE had said, new orders would not impact production delivery dates for at least the next 2 years and that production would be under constant review.

We obviously have to review our (Typhoon) production demand very carefully,” said Woodburn in August.

BAE Systems continually reviews its operations to make sure we are performing as effectively and efficiently as possible, delivering our commitments to existing customers and ensuring we are best placed to secure future business,” said BAE Systems to Sky News.

If and when there are any changes proposed we are committed to communicating with our employees and their representatives first.”

BAE was not immediately available for further comment.

BAE’s shares were down by 0.2% at 611.8 pence at 0958 GMT.


 


 

 

Source:

http://uk.reuters.com

 







Science & Technology

Artificial Intelligence Helps NASA Find An 8th Planet In Orbit Of A Distant Star

Australian Research Success Could Mean Shatterproof Cell Phones Could Soon Be A Realityv

Top ten hi-tech events of the year

Tesla Considering Designing And Developing AI Chips On Its Own To Support Its Auto-Pilot Project

Verizon to introduce 5G in five American cities in 2018

Airbus, Rolls-Royce, Siemens to create an electric aircraft

Study Finds Treatment Efficacy Could Be Sacrificed For Reduced Side Effects In Cancer Therapies By Patients

Some Information About Their Self-Driving Car Research Has Been Disclosed By Apple Scientists For The First Time

A Massive Data Breach Was Covered Up By Uber By Paying Up Hackers

A City Is Can Be Converted To A Living Organism, Showcases China’s Huawei

World Politics

World & Politics

Phase Two Of Brexit Talks, Announced On Friday, Would Be Tough, Analysts Say

Elections in Italy: the last chance of Eurosceptics?

15 countries with the highest level of organized crime

Athens agreed with international lenders

EU Pressure Reportedly Forces UK To Bow Down, Could Agree To Pay £50bn For Brexit Divorce

$1 Billion Is The Price For Freedom For Arrested Saudi Prince In Corruption Crackdown: Reports

U.S. Capital Washington Appears To Be In Range Of The Latest Missile Launched By North Korea

Ten biggest fears of millennials