Tuesday, September 27, 2011

BAE Systems to axe up to 3,000 UK jobs

By Rosalba O'Brien and Matt Scuffham


LONDON (Reuters) - Europe's biggest defense contractor BAE Systems said it will cut up to 3,000 jobs in Britain as smaller global defense budgets hit orders for its fighter jets.


The company, which is Britain's biggest manufacturer, said the four partner nations in the Eurofighter Typhoon program -- the UK, Germany, Italy and Spain -- were slowing production rates to help ease their budget pressures, affecting the workload at a number of sites.



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