Defence giant BAE Systems to axe over 1,900 jobs

Image
IANS London
Last Updated : Oct 10 2017 | 6:07 PM IST

The United Kingdom's defence company BAE Systems announced on Tuesday it was planning to shed over 1,900 jobs in its military, maritime and intelligence services in a move to streamline its business and have a "sharper" competitive edge.

The defence company said that up to 1,400 roles would be cut in its military air and information business, 375 would be cut in its maritime unit and 150 would go from its applied intelligence operations, the Daily Express newspaper reported.

"The organisational changes we are announcing today accelerate our evolution to a more streamlined, de-layered organization, with a sharper competitive edge and a renewed focus on technology," said Chief Executive of BAE Systems, Charles Woodburn.

He said the company was "announcing actions at some of our UK sites to align our workforce capacity more closely with near-term demand and enhance our competitive position to secure new business", adding that this included "proposed redundancies at a number of operations".

The proposed job cuts across five different sites in the Military Air part of the business would take place over the next three years, according to a company statement.

The two sites to be hit hardest by the job losses are Warton and Samlesbury in northwestern England, with some 750 jobs expected to be lost at plants where Eurofighter Typhoon aircraft parts are manufactured.

Other locations affected include Brough in northern England, Marham in the east and Portsmouth in the south, with 400, 245 and 340 proposed job cuts respectively.

"I recognize this will be difficult news for some of our employees and we are committed to do everything we can to support those affected," said Woodburn.

The company said it was in talks with Qatar's government to secure the purchase of 24 Typhoon aircraft.

If agreed, this would sustain production and manufacturing jobs "well into the next decade", according to BAE Systems.

--IANS

soni/dg

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 10 2017 | 5:58 PM IST

Next Story