British military equipment maker BAE Systems said Tuesday it plans to cut almost 2,000 jobs, mainly owing to weaker demand for Hawk and Eurofighter Typhoon fighter jets. There will be cutbacks in BAE’s military, maritime and intelligence services divisions under moves to streamline the group overall. BAE faces slowing demand for the Eurofighter Typhoon jet, developed with the help of Italy’s Finmeccanica and Airbus as part of a European consortium. At the same time, the group is easing back Hawk production ahead of an expected order from Qatar. Most of the military air job cuts will go in 2018 and 2019, while BAE plans to achieve as many voluntary redundancies as possible.

Source: Hindustan Times October 10, 2017 10:52 UTC