BAE axes 1,700 jobs after US attack

first_imgBAE Systems is to cut almost 1,700 jobs due to a drop in orders followingthe US terror attacks. Almost 1,000 jobs will be lost at the company’s factory at Woodford,Manchester, 300 at Chadderton, also in Manchester, and 219 at Prestwick as BAESystems pulls out of regional aircraft manufacturing and concentrates on thedefence industry. In the half-year to 30 June 2001, 70 per cent of the company’s sales andprofits were from defence activities and these businesses are expected to makegood progress next year. “We have completed a detailed assessment of the probable impact on ourbusiness of the recent severe downturn in the commercial aerospacemarket,” said John Weston, chief executive of BAE Systems. “Since September, the trading outlook has changed substantially. Inparticular, operating profit expectations for Airbus next year have beenreduced significantly and the outlook for regional aircraft has deterioratedsharply,” he added. Last month, BAESystems announced it was outsourcing its personnel functionto a joint venture company. It has transferred 462 of its 700 HR staff to aservice centre in Preston, run jointly with Xchanging. BAE axes 1,700 jobs after US attackOn 4 Dec 2001 in Personnel Today Comments are closed. Previous Article Next Article Related posts:No related photos.last_img read more

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