Newspaper article The Journal (Newcastle, England)
Defence Giant QinetiQ to Cut 325 More Jobs
Byline: Iain Laing
DEFENCE giant QinetiQ has unveiled plans to axe 325 jobs on top of almost 400 cuts announced last month. The group said it is consulting with staff over the latest cuts, which cover jobs mainly in the managed services operations across a number of sites in the UK.
Chief executive Leo Quinn said: "In today's challenging business environment we need to ensure that QinetiQ is focused on its strengths and is fully aligned with the needs of its customers.
"Whilst we must reset our cost base in line with demand, we will continue to maintain a full capability for our customers through our unique understanding of the global aerospace, defence and security markets."
Prospect union national officer David Luxton said: "QinetiQ now has a quarter of its 6,000 employees at risk of redundancy over the coming months, which is both alarming and distressing for over 1,500 highly skilled scientists, engineers and project managers working at the cutting edge of defence technology and future capabilities for the armed forces.
"The scale of the redundancies, which are attributable to Ministry of Defence spending cuts, sharply exposes the vulnerability of private sector jobs to public expenditure cuts. Redundancies on this scale will have a devastating impact on many individuals and their families, and reinforces the bleak economic outlook across the defence sector - directly attributable to the spending decisions now being made by Government. …