Independent journal on economy and transport policy
08:38 GMT+2
1,700 jobs axed as BAE quits the regional aircraft industry
(Independent)
November 28, 2001
By Michael Harrison, Business Editor
Almost 1,700 aerospace jobs were axed yesterday after BAE Systems announced the closure of its regional jet business and a reduction in deliveries of Airbus aircraft.
The company blamed the cutbacks on the slump in the airline market following 11 September. BAE will incur charges of £370m in the current year to cover ...... Read more on Independent
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