Unemployment: BAE Confirms Plans to Cut 3,000 Jobs
BAE Systems, a giant in the defence manufacturing sector, has announced that rumours of job cuts are true. The firm will cut 3,000 jobs, focusing in the military aircraft division, across the country.
Ensuring its future
The firm gave details of its huge redundancy programme, putting an end to days of speculation by workers and analysts alike. BAE says that it must make redundancies to maintain its competitiveness.
Chief executive of BAE, Ian King, made a statement that said the company unfortunately must make the cuts to “ensure its long-term future.”
Union leaders made their own statements, saying the news has made everyone involved “distraught and tearful.”
BAE employs 100,000 people worldwide and just 40,000 in the UK, yet most of the biggest cuts will be in Lancashire and Yorkshire.
The BAE redundancy programme shows that 900 out of 1,300 jobs will be cut from BAE’s Brough factory in East Yorkshire.
565 people from the 3,970-person workforce at Samlesbury, Lancashire will be made redundant. At Warton
Indiana Lawyer For Bankruptcy Reports on Employment: Ports, Parking, and Solar Panels Help Jobs …
As I’ve emphasized often before in Bankruptcy in Indiana, it’s really all about jobs. Whether it’s qualifying to file under Chapter 13 bankruptcy law in Indiana, or whether it’s getting back on one’s financial feet after filing bankruptcy Chapter 7 in Indiana, it comes down to having income to keep the bills paid. That’s why it’s been so important for me, as a debt consolidation lawyer, to keep my clients and readers updated on the employment situation in our state.
- Ports, I’m learning, are helping a lot. A new study I read about in Inside Indiana
Business suggests that Indiana’s three ports contribute $5.4 billion to Indiana’s economy each year, accounting for more than 43,500 jobs. T