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Thales SA and Finmeccanica SpA joint venture Thales Alenia Space to cut 300 jobs in France-Les Echos


Wednesday, 29 Jan 2014 07:00pm EST 

Thales SA:Thales Alenia Space (a joint venture between Thales SA and Finmeccanica SpA) aims to cut around 300 jobs in France, or about 7 percent of its 4,300 staff in the country-Les Echos.The company plans the job cuts as part of a cost-cutting drive unveiled in Dec. 2013 which will also affect units in other countries.The number of job cuts could increase or decrease depending on whether the company meets its target of selling three communications satellites this year.A spokeswoman for Thales Alenia Space said the cuts would be met through voluntary redundancies. 

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