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BAE Systems to Cut 1,000 Jobs in Air Systems at Lancashire Plant.
Knight Ridder/Tribune Business News, April, 2004
Daily Mail, London Knight Ridder/Tribune Business News
Apr. 9--Defence giant BAE Systems is cutting 1,000 jobs at its air systems group in Lancashire as a global downturn in aerospace takes hold.
Workers involved in programmes including the Eurofighter Typhoon, Hawk trainer jet, Nimrod maritime patrol planes and the Joint Strike Fighter will be affected.
A BAE spokesman said: "Costs were reduced last year, job reduction was the next phase."
The job cuts come less than a week after 760 were axed at the company's shipyard at Barrow-in-Furness, Cumbria.
BAE's shares rose on the news -- up 4 pence to 214 pence.
BAE, with a 29 percent share in UK tank maker Alvis, is waiting to see the offer document from American...
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