As it had previously announced, BAE Systems will be laying off roughly 125 people in southern New Hampshire as part of a belt-tightening plan.As it had previously announced, BAE Systems BAE Systems British manufacturer of aircraft, missiles, avionics, naval vessels, and other aerospace and defense products. BAE Systems was formed (1999) from the merger of British Aerospace (BAe) with Marconi Electronic Systems. will be laying off roughly 125 people in southern New Hampshire New Hampshire, one of the New England states of the NE United States. It is bordered by Massachusetts (S), Vermont, with the Connecticut R. forming the boundary (W), the Canadian province of Quebec (NW), and Maine and a short strip of the Atlantic Ocean (E). as part of a belt-tightening belt-tight·en·ing n. Increased thrift and frugality; a reduction in spending. plan. Overall, 250 positions are being cut from the Electronics Solutions section. The section has about 9,000 employees nationwide, with roughly half of them in the Nashua Nashua (năsh`  ə), city (1990 pop. 79,662), seat of Hillsborough co., S N.H., on the Merrimack and Nashua rivers near the Mass. line; settled c.1655, inc. as a city 1853. region. The
reduction in force was described as part of a company-wide move to
prepare for likely reduction in defense-related contracts, which make up
the bulk of BAE's business.
|
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion