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31/05/2012
Over 620 Job Loses Expected At BAE Systems
BAE Systems is set to cut over 600 jobs and close its Newcastle factory.
Subject to consultation a total of 620 jobs could be lost in the UK.
Around 330 jobs at Newcastle may go plus 200 in its munitions business, including Radway Green near Crewe and 97 in Washington.
Ten employees at the firm's head office in Farnborough may also lose their jobs.
BAE said the changes are aimed at major efficiency improvements and reductions in orders required by the Ministry of Defence.
Managing director Charlie Blakemore said: "We need to adapt to very challenging market conditions and further reduce our overheads to drive better value for our customers and increase our competitiveness in the export market.
"I know that this is difficult news for employees and we will do all we can to help them through this difficult period and mitigate the proposed job losses wherever possible."
(GK)
Subject to consultation a total of 620 jobs could be lost in the UK.
Around 330 jobs at Newcastle may go plus 200 in its munitions business, including Radway Green near Crewe and 97 in Washington.
Ten employees at the firm's head office in Farnborough may also lose their jobs.
BAE said the changes are aimed at major efficiency improvements and reductions in orders required by the Ministry of Defence.
Managing director Charlie Blakemore said: "We need to adapt to very challenging market conditions and further reduce our overheads to drive better value for our customers and increase our competitiveness in the export market.
"I know that this is difficult news for employees and we will do all we can to help them through this difficult period and mitigate the proposed job losses wherever possible."
(GK)
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