Feb
16
16/02/2012
The UK’s biggest manufacturing employer cannot rule out further job losses after huge cuts to world defence budgets have impacted their business. BAE have reported a 14% fall in sales for 2011 and expect little growth in 2012. The announcements prompted a 4% fall in its share price on the FTSE 100. Also, the group won’t rule out closing its Portsmouth dockyard, putting up to 3,000 jobs in danger.
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1 comment(s) so far...
Re: Sell and Rent Back – BAE Systems Suffer Huge Cuts
Why invest in real estate anyways?
By kevin on
16/02/2012
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