Over 1000 job cuts expected as BAE slows Typhoon production
Manufacturing giant BAE Systems is set to axe over 1,000 jobs this week, according to reports.
The defence contractor is preparing to announce redundancies across its UK workforce with many expected at its operation near Preston, Sky News revealed this morning (October 9).
It is believed that as many as two-thirds of the jobs at BAE’s plant in Warton, Lancashire, are on the line.
The company currently employs 34,600 people in the UK.
According to Sky News, the latest round of cuts relates to an ongoing slowdown in the production of BAE’s Eurofighter Typhoon, and uncertainty surrounding the timing of a recent order of 24 of the aircraft from Saudi Arabia.
The redundancies are likely to be made public on Tuesday (October 10).
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
Confidence the key to our artificial intelligence future
The missing piece of the puzzle in the NEET crisis
The North East investment story needs two engines
We must forge change to close the skills gap
Creating the conditions for North East talent to thrive
Time to end London monopoly on arts talent
Why local government is key to devolution success
Your reputation is worth more than that invoice
There is no perfect time when selling a business
What next when social media career help goes?
The psychological contract that nobody signs
Time for strategy built on the foundational economy