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Provider: Reuters Investment Profile

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BAE Systems plc To Cut Potentially More Than 1,000 Jobs At Three Uk Shipyards-Reuters

Tuesday, 5 Nov 2013 04:45pm EST 

Reuters reported that according to BBC report, BAE Systems plc is set to announce potentially more than 1,000 job losses across three of its UK shipyards. The broadcaster said many hundreds of jobs will be lost, perhaps over 1,000, with the cuts at the Company's Govan and Scotstoun shipyards in Glasgow and at Portsmouth resulting from completion of work on two new aircraft carriers and a huge increase in the costs of that project. 

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22 May 2015