LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » World News

BAE Systems to cut nearly 2,000 jobs after Typhoon orders slow

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Updated: Tue, Oct 10, 2017
03:37 pm
Reuters
RELATED NEWS
Expert Views: BIG! India's retail inflation eases to 4.59% in December Expert Views: BIG! India's retail inflation eases to 4.59% in December
Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands
Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED
Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED    Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED
Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY! Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY!

British defence company BAE Systems announced nearly 2,000 job cuts on Tuesday, mostly at its military aircraft operations after orders for its Typhoon fighter jet slowed.

The job losses are part of a shake up by Charles Woodburn, who took over as chief executive in July and plans to streamline the business and revamp its air and maritime operations.

The Eurofighter Typhoon jet has won fewer orders this year than the rival Rafale built by France`s Dassault Aviation, as a major order expected from Saudi Arabia has not materialised, although Qatar agreed to buy 24 Typhoons in September.

Britain`s Unite union said it would fight the "devastatingly short sighted" job losses as BAE said it will also cut around 375 jobs at its maritime operations and 150 roles at its Applied Intelligence business, as part of a reorganisation designed to be make the business more competitive.

The group, which employs 34,600 people in Britain, has already slowed production at two of its plants in Lancashire, northern England, which are involved in making the Typhoon jet.

Based on current orders for its Typhoon and Hawk aircraft, BAE said it needed to reduce the workforce at the unit by up to 1,400 roles.

BAE`s Warton and Samlesbury plants will suffer the brunt of the losses as around 5,000 people there work on the Typhoon programme, which is a joint project between BAE, France`s Airbus and Italy`s Finmeccanica.

Unite stood ready to fight the job losses.

"These planned job cuts will not only undermine Britain’s sovereign defence capability, but devastate communities across the UK who rely on these skilled jobs and the hope of a decent future they give to future generations," Unite`s Assistant General Secretary Steve Turner said.

BAE said in August that any new orders were unlikely to impact production delivery rates positively for at least 24 months, and production would be under constant review.

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

However, he said he remained confident about future orders for the aircraft.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
RELATED NEWS
Expert Views: BIG! India's retail inflation eases to 4.59% in December Expert Views: BIG! India's retail inflation eases to 4.59% in December
Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands
Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED
Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED    Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED
Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY! Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY!

LATEST NEWS

Gold, Rupee and Equity Markets Outlook Today: EXPLAINED

Mid-cap Picks With Anil Singhvi: Adani Green Energy, ABB India, Aptech are Simi Bhaumik recommendations today

Massive DISCOUNT on iPhones, iPads, AirPods, others - iPhone 11 priced at Rs 47,127; grab money saving deals on Paytm Mall Republic Day Sale

Get Rs 1 lakh monthly pension! Make money, just check this calculation and schemes

IRFC IPO closes today: Subscription Status till now

Very IMPORTANT message from HDFC Bank! Net banking, mobile banking app will stop working tomorrow; check time and why such a step was taken

Bharat Electronics, Britannia, ICICI Prudential Life, Indusind Bank, Tata Steel, others now in Morgan Stanley Focus List

Proud moment for India, Telangana! Joe Biden inauguration speech writer is Indian-American Vinay Reddy - Top things to know

Home First Finance IPO Price Band, Equity Shares and Valuations II Key details explained

Biden-Harris Inauguration, US President Oath Ceremony LIVE Blog, Updates, Latest News, WATCH Video

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved