This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.
You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/business/8026542.stm
The article has changed 4 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| BAE Systems to cut 500 jobs in UK | BAE Systems to cut 500 jobs in UK |
| (40 minutes later) | |
| Defence giant BAE Systems is to close three factories in the UK, resulting in the loss of 500 jobs. | Defence giant BAE Systems is to close three factories in the UK, resulting in the loss of 500 jobs. |
| The sites at Telford, Leeds and Guildford will close by the end of the year. It will also cut jobs at locations in Newcastle and Barrow. | The sites at Telford, Leeds and Guildford will close by the end of the year. It will also cut jobs at locations in Newcastle and Barrow. |
| It comes on the day that the UK formally ends its military presence in Iraq after six years. | It comes on the day that the UK formally ends its military presence in Iraq after six years. |
| The cuts are in its combat vehicles and weapons unit. BAE previously announced it would cut 200 jobs in November. | The cuts are in its combat vehicles and weapons unit. BAE previously announced it would cut 200 jobs in November. |
| 'Downturn' | 'Downturn' |
| BAE's job losses come after a "downturn in work" related to the military missions in Iraq and Afghanistan. The UK government in December postponed a programme to build as many as 2,000 armoured utility vehicles. | BAE's job losses come after a "downturn in work" related to the military missions in Iraq and Afghanistan. The UK government in December postponed a programme to build as many as 2,000 armoured utility vehicles. |
| "Our forecast UK order intake has reduced and we have to match the size of our business appropriately to the projected nature and volume of workload," the company said. | "Our forecast UK order intake has reduced and we have to match the size of our business appropriately to the projected nature and volume of workload," the company said. |
| The unit, the Global Combat Systems Vehicles and Weapons business, employs about 1,820 people in the UK. | The unit, the Global Combat Systems Vehicles and Weapons business, employs about 1,820 people in the UK. |
| BAE said about 100 roles from the three sites that are closing will be transferred to its sites in Leicester and Newcastle. |