Britain’s BAE systems have decided to axe more than seventeen hundred jobs, and end 500 years of shipbuilding in Portsmouth. Prime Minister David Cameron insists the move is in the ‘national interest
BAE said it would cut 1,775 jobs across its naval ships business, with 940 jobs lost in Portsmouth and a further 835 in Glasgow, Rosyth and Filton, near Bristol.
The Govan and Scotstoun shipyards on the Clyde in Scotland will continue shipbuilding.
The company says the job losses are primarily due to an overall slowdown in UK shipbuilding, which in case of BAE was coupled with rising costs and a poor order book.
The financial burden on BAE has been rising as the costs for building two new aircraft carriers for the Royal Navy. The price tag for the flagship project has added another £800 million, driving it a total of £6.2 billion.
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