Menu
27/11/2001
BAE to shed jobs after closure of jet programme
Aerospace company BAE Systems is to cease involvement in its regional jet programmes, leading to the loss of over 1,500 jobs throughout the UK.
With plants in Manchester and Prestwick, the news that BAE Systems is to cut back on its British operations has been described as a “devastating blow for the country’s aerospace industry” by Sir Ken Jackson, who spoke on behalf of the Amalgamated Engineering and Electrical Union. The losses also follow a similar decision taken by the company in August to shed 260 jobs at several plants in Lancashire.
BAE has blamed reduced demand in the civil aerospace market as prompting the cuts, with Chief Executive John Weston describing the trading outlook since September as “substantially” altered for the worse. The move will mean an end to production of the company’s popular 146 jet, and the group expects deliveries for its Airbus commercial jet to fall to 300 for the forthcoming year.
A global systems, defence and aerospace company with reach into the air, land, sea and space defence market sectors, BAE Systems reported sales of £12.2 billion and turnover of £9.6 billion for the year-end 2000. With a presence across all five continents, and with customers in 129 countries, the company employs more than 100,000 employees worldwide. (CL)
With plants in Manchester and Prestwick, the news that BAE Systems is to cut back on its British operations has been described as a “devastating blow for the country’s aerospace industry” by Sir Ken Jackson, who spoke on behalf of the Amalgamated Engineering and Electrical Union. The losses also follow a similar decision taken by the company in August to shed 260 jobs at several plants in Lancashire.
BAE has blamed reduced demand in the civil aerospace market as prompting the cuts, with Chief Executive John Weston describing the trading outlook since September as “substantially” altered for the worse. The move will mean an end to production of the company’s popular 146 jet, and the group expects deliveries for its Airbus commercial jet to fall to 300 for the forthcoming year.
A global systems, defence and aerospace company with reach into the air, land, sea and space defence market sectors, BAE Systems reported sales of £12.2 billion and turnover of £9.6 billion for the year-end 2000. With a presence across all five continents, and with customers in 129 countries, the company employs more than 100,000 employees worldwide. (CL)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
08 March 2005
BAE Systems to acquire US-based United Defense Industries
BAE Systems plc has announced that its wholly-owned US subsidiary, BAE Systems North America, is set to acquire United Defense Industries (UDI) in a $4 billion (£2.2 billion) merger deal.
BAE Systems to acquire US-based United Defense Industries
BAE Systems plc has announced that its wholly-owned US subsidiary, BAE Systems North America, is set to acquire United Defense Industries (UDI) in a $4 billion (£2.2 billion) merger deal.
27 March 2002
Lost aircraft deal will have “no impact” say Bombardier
Bombardier Aerospace Belfast have lost a deal, potentially worth millions, they signed last year to supply 57 Learjets to an American airline subsidiary Avolar.
Lost aircraft deal will have “no impact” say Bombardier
Bombardier Aerospace Belfast have lost a deal, potentially worth millions, they signed last year to supply 57 Learjets to an American airline subsidiary Avolar.
15 February 2002
BAE Systems remain confident of resurgence
BAE Systems have offered employees hope for some optimism this week after rumours of job cuts at the company. The company's pre-tax profits dropped from £179 million in 2000, to £70 million in 2001. The company will have endure a leaner period after another fall in full-year profits was announced.
BAE Systems remain confident of resurgence
BAE Systems have offered employees hope for some optimism this week after rumours of job cuts at the company. The company's pre-tax profits dropped from £179 million in 2000, to £70 million in 2001. The company will have endure a leaner period after another fall in full-year profits was announced.
13 September 2001
BAE Systems reveals first-half year profits
Defence giant BAE Systems has posted a modest four per cent rise in first half year profits but said it expected growth to pick up next year. The company, which is the fifth-largest supplier to the US military, posted pre-tax profits of £482 million for the first half of 2001.
BAE Systems reveals first-half year profits
Defence giant BAE Systems has posted a modest four per cent rise in first half year profits but said it expected growth to pick up next year. The company, which is the fifth-largest supplier to the US military, posted pre-tax profits of £482 million for the first half of 2001.
25 October 2004
R&D investment maintains UK competitive edge, says Minister
The UK has maintained its world leading position in Research and Development (R&D) investment in the pharmaceuticals, health, biotechnology and aerospace sectors, and is second only to the US, according to the Department of Trade and Industry (DTI).
R&D investment maintains UK competitive edge, says Minister
The UK has maintained its world leading position in Research and Development (R&D) investment in the pharmaceuticals, health, biotechnology and aerospace sectors, and is second only to the US, according to the Department of Trade and Industry (DTI).
-
Northern Ireland WeatherThis Evening and Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Perhaps a touch of ground frost. Cloud will spread east towards morning. Minimum temperature 2 °C.
