British military equipment maker BAE Systems said Tuesday it plans to cut almost 2,000 jobs, as the group faces weaker demand for Hawk and Eurofighter Typhoon fighter jets.
Most of the cutbacks -- up to 1,400 positions -- will be shed to "reduce the group's current Typhoon and Hawk production rates", BAE said in a statement
GMT 14:07 2017 Wednesday ,22 November
Britain slashes growth forecasts over five yearsGMT 11:03 2017 Tuesday ,14 November
Vodafone says rebounds into first-half net profitGMT 07:01 2017 Tuesday ,07 November
UK businesses demand Brexit clarity, but May provides noneGMT 13:53 2017 Thursday ,02 November
Bank of England hikes rates for first time in a decadeGMT 12:53 2017 Thursday ,02 November
Bank of England hikes rates for first time in a decadeMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor