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BAE Systems to axe more than 1,000 jobs in Britain: Report

British military equipment maker has 34,600 staff in UK and 83,000 worldwide

AFP | PTI  |  London 

BAE Systems to axe more than 1,000 jobs in Britain: Report

British military equipment maker will axe more than 1,000 in Britain, or just over one per cent of its total workforce, media reported today.

BAE will cut "well over 1,000" jobs, Sky News reported citing unnamed insiders. Sources added that Brexit was "not a factor" behind the move.


The London-listed company has 34,600 staff in and 83,000 worldwide.

BAE faces slowing demand for the Eurofighter Typhoon jet, developed with the help of Italy's Finmeccanica and Airbus as part of a European consortium.

"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," the firm said in a brief statement issued to media.

"If and when there are any changes proposed we are committed to communicating with our employees and their representatives first," it added.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Mon, October 09 2017. 22:14 IST
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