BAE Systems says plans to cut 740 jobs

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BAE Systems, the British maker of military equipment, said on Thursday that it intended to axe 740 jobs across five sites in Britain owing to reduced workload on aircraft projects such as the Hawk jet.

"While we regret having to make this announcement we must ensure we remain competitive by having the correct skills, capabilities and resources," said Kevin Taylor, managing director of the group's military air solutions unit.

© 2010 AFP

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