BGN Entrepreneur » factory closure http://bgnentrepreneur.net Business Growth Network Entrepreneurial - Daily Fresh Business News Thu, 09 Feb 2012 07:55:46 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 Jobs Threat as BAE Reveals Factory Closures http://bgnentrepreneur.net/jobs-threat-as-bae-reveals-factory-closures/ http://bgnentrepreneur.net/jobs-threat-as-bae-reveals-factory-closures/#comments Fri, 01 May 2009 16:56:27 +0000 Sky http://bgnentrepreneur.net/?p=3401
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    • ]]>     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.

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    1. Deflation Threat Raised by Falling Factory Costs
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    3. BG Group Reveals Major Oil Find

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