Qinetiq cuts 'will harm defence of UK'
Wednesday 07 July 2010
Union leaders said they were shocked after Qinetiq announced plans to cut almost 400 jobs under a restructuring of the business.
The defence technology and securoty company, which employs 6,500 staff in the UK, said about 130 jobs could be cut in Farnborough, Hampshire, and about 230 jobs might go in Malvern, Worcestershire. It blamed the potential cuts on a challenging business environment.
Qinetiq said its decision to restructure the company followed a review of its advice and technology solutions group businesses and its corporate headquarters in Farnborough. A further review of the rest of the company will take place over the summer, including discussions with Qinetiq's primary British customer, the Ministry of Defence. The chief executive Leo Quinn said: "As we announced in May, our markets are likely to remain uncertain for some time, but we have a decisive programme of self-help to restore value. We are acting to make our costs more competitive and improve our productivity."
The Prospect union, which represents 2,000 specialists at Qinetiq, said it was shocked by the scale of redundancies and feared this was the "tip of an iceberg". Propect's national officer, David Luxton, said the number of job losses showed how cuts in public expenditure directly affected private-sector jobs in vital parts of the economy.
"Our members in Qinetiq give a technological edge to our armed forces which is evident in current military operations," he said. "The loss of so many skilled and innovative scientists and engineers will inevitably [affect] the UK's defence capabilities. QinetiQ has begun a 90-day consultation with unions, initially on 391 job losses, but it is expected that more than 700 jobs will disappear during that period."
The announcement came after Qinetiq agreed reduced redundancy terms with the unions.
Ukraine crisis: Helicopter gunships take country closer to all-out war
Undertaker dead hoax: WWE legend not 'found dead in home' as Facebook and Twitter reports
Malaysia Airlines MH370 co-pilot's phone 'was on and made contact with network tower' 30 minutes after plane turned around
Oscar Pistorius trial: Reeva Steenkamp told athlete she 'loved him' for first time in Valentine's Day card
Lunar eclipse 2014: Images of the spectacular 'blood moon'
David Cameron: 'Jesus invented the Big Society – I'm just continuing God's work'
US Navy christens huge $3 billion destroyer ship USS Zumwalt that appears as a fishing boat on enemy radar
Nigel Farage fatigue? Half of voters ‘immune’ to Ukip’s appeal
The food poverty scandal that shames Britain: Nearly 1m people rely on handouts to eat – and benefit reforms may be to blame
Nigel Farage on Have I Got News For You: Ukip leader ridiculed over expenses and party 'fruitcakes'
Scottish independence: It is the English who should be on their knees, begging the Scots to vote ‘No’
- 1 Refugee facing deportation from Sweden saved by fellow passengers refusing to let plane leave
- 2 The best movies on Netflix: 32 films that will end your endless scrolling
- 3 Naked yoga: the bare truth - it's already big in the US, and has now landed here
- 4 24 people applied for the 'world's toughest job', here are their interviews
- 5 Drugs giant GlaxoSmithKline bribed doctors to boost sales, says whistleblower
iJobs Money & Business
£40000 - £50000 per annum + BONUS + BENEFITS: Harrington Starr: A leading, Cit...
£35000 - £50000 per annum + Bonus + Benefits: Pro-Recruitment Group: You must ...
£45000 - £60000 per annum + BONUS + BENEFITS: Harrington Starr: Corporate Acti...
£350 - £400 per day: Harrington Starr: An opportunity has arisen at a FCA regu...