Economy

BAE Systems expected to cut 1000 Lancashire jobs

BAE Systems expected to cut 1000 Lancashire jobs”

British defence company BAE Systems will announce more than 1,000 job cuts this week, mainly affecting its Warton plant in Lancashire, northern England, where it assembles the Eurofighter Typhoon fighter jet, Sky News said on Monday.

Sky News has learnt that BAE will announce that numerous job cuts will affect its Warton plant in Preston, Lancashire, with the company's new chief executive, Charles Woodburn, also "trimming" its workforce at other locations. The precise number of job cuts, however, is unclear at present.

The final four aircraft from an earlier contract with Saudi Arabia was delivered in the first half of the financial year, although BAE did secure an order to build 24 Typhoon fighter aircraft for Qatar at a price of around £90m ($120m) per plane last month.

The firm now employs almost 35,000 people in Britain.

Brexit is not believed to be a factor in the move, Sky said, citing sources close to the company.

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

An official announcement has yet to be made to the City but the losses are thought to be linked to the ongoing slowdown in the production of the Typhoon and Hawk with question marks on future orders for the aircraft.

One defence industry source said it was conceivable that more than two-thirds of Warton's workforce could be at risk from future rounds of cuts.



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