Issue 64  
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Agenda
15.11.2015 07:30

BAE Systems to fire 371 jobs due to no increase in profit

Europe’s biggest defence and aerospace company UK based BAE Systems says it’s to cut jobs in Britain and Australia, seeing no growth in earnings after it reduced the rate of production of Typhoon fighter aircraft. The company announced in a statement that 371 jobs would go in its military and information business as part of a drive to make it more competitive in the medium term. The decision is taken even though Kuwait has decided to buy 28 Typhoon warplanes.

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