Jobs Threat as BAE Reveals Factory Closures
Friday, May 1, 2009 9:56
Following the decision by the Ministry of Defence to postpone a utility vehicle contract as well as a downturn in work supporting British Army operations in Iraq and Afghanistan, it has been announced that the premier global defence, security and aerospace company—BAE Systems is to close three factories at Telford in Shropshire, Leeds and Guildford in Surrey.
As a result, the compulsory redundancies is expected to be about 500. Besides, a further 50 jobs will be lost at Newcastle upon Tyne, seven in Leicester and 90 in the firm’s weapons business in Barrow, while 30 posts will be cut through efficiency measures.
BAE announced that as part of its ‘transformation programme’ around 100 roles from the sites which are closing will be transferred to Leicester and Newcastle. The company will take other measures to mitigate the impact on employees, including providing re-training and support in finding new roles inside or outside the organisation. BAE announced that Newcastle will continue vehicle engineering and assembly, integration and testing in the UK, while Leicester will grow its systems engineering and systems integration expertise.
Related posts:
- Deflation Threat Raised by Falling Factory Costs
Factory gate inflation peaked at 10% in July this year.... - Rising Oil Price and Factory Costs Pose Threat to Hopes of Recovery
Inflationary fears mounted after the cost of goods leaving British... - BG Group Reveals Major Oil Find
Following a announcement, which revealed a major oil discovery in... - BBC Hints at Licence Fee Freeze as Leaked Website and Radio Closures are Confirmed
The chairman of the BBC has given the clearest indication... - Starbucks Reveals UK Expansion Plans
The global coffee chain–Starbucks is betting that coffee is an...



