BAE Systems is reportedly looking to cut upwards of 370 jobs as the company looks to wind down production of its Typhoon fighter jet.
The majority of jobs are expected to come from the aerospace giant’s 13,000-strong workforce based in Samlesbury, Lancashire. BAE forewarned that decreasing jet production would also likely impact its 2015 financial results, with Typhoon sales expected to fall from around £1.3 billion in 2015 to £1.1 billion in 2016. BAE chief executive, Ian King commented:…
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