Discussion in 'Current Affairs, News and Analysis' started by monkeyspanker, Sep 9, 2010.
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BBC News - Defence firm BAE cuts 1,000 jobs
Happening across the defence industry. The only people really recruiting are General Dynamics as they prepare for the FRES Scout contract. Otherwise its belt-tightening all round.
What was BAE's profits last year?....my heart bleeds purple piss!
BAe is currently the worlds largest defence manufacturer - yet they and Boeing are cutting back their military aircraft divisions... Lockheed Martin and Sukhoi getting the market share there, methinks.
Doubt those on the recieving end of the redundencies will have seen the money from those profits.
Didn't their South African subsidiaries just get a whopping huge contract for near 500mil?
Probably most of them are in the company share scheme, so would benefit that way. Capitalism isn't all that bad.
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