India helicopter cancellation endangers UK jobs

Posted on 3 Jan 2014 by The Manufacturer

UK jobs may be at risk at helicopter manufacturer AgustaWestland following the cancellation of a major order by the Indian government.

The cancellation of the £466m contract was made in response to allegations of bribery and corruption at AgustaWestland’s parent company Finmeccanica. A statement from Finmeccanica in the wake of the announcement said: “AgustaWestland is ready to take the necessary actions [in response to India’s termination] included in a mitigation plan already prepared. This plan includes…

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