Lilly Peel
Over 900 restaurants nationwide. Find your nearest now
The number of British jobs lost in the past week reached 25,000 yesterday as four leading companies announced a fresh wave of redundancies.
Nearly 600 posts are to go in the defence, aerospace and drugs industries as BAE Systems, Rolls-Royce and AstraZeneca became the latest to reduce headcounts. Daily Mail and General Trust said it had cut 400 positions in the past two months, a day after Independent News Media announced that 90 positions would go.
The toll continued with Sony Ericsson, the mobile handset maker, disclosing that 200 jobs could go when it shuts its software development site in Manchester as part of a strategy announced in July to cut 2,000 positions across its global workforce. The threat of redundancy has now become an almost daily reality as the recession continues to tighten its grip on Britain.
Yesterday's cuts add to fears that few sectors of the economy are likely to be spared as media and industrial groups joined the rollcall of manufacturers, housebuilders, hotels and restaurants and financial services.
Rolls-Royce, the world's second-largest maker of aircraft engines, said that it expected to slash 140 jobs at its aerospace assembly and test facility in Derby as part of plans to cut up to 2,000, or about 4 per cent, of its global workforce next year.
The group said the cuts were necessary as demand dropped because of an uncertain economic outlook and delays to new aircraft, including the Airbus A380 and Boeing 787.
The company, which announced at the beginning of the year that it would shed 2,300 jobs, said that it wanted to give employees an early indication of the likely scale of job losses and would start a consultation to determine exactly where the axe would fall.
A spokesman said that the group had hoped to reduce its headcount by scaling back its temporary workforce and through natural attrition and voluntary redundancies but that nothing had been decided yet.
Rolls-Royce will continue to recruit graduates and apprentices, who account for about 2 per cent of its workforce.
AstraZeneca, the Anglo-Swedish drugs maker, said that 250 jobs would go at its Macclesfield site as part of plans to cut 1,400 jobs across its workforce worldwide and close three plants in Europe. The pharmaceuticals company said that staff cuts would be carried out through to 2013 after local negotiations.
The announcement follows last week's news that GlaxoSmithKline was cutting a further 620 jobs at its Dartford manufacturing site.
BAE Systems, the defence company, also gave notice that a further 200 jobs are to go across its factories in Newcastle, Leeds, Leicester, Barrow and Telford. The company, which blamed the cuts on declining workload on the Armoured Fighting Vehicle Programme for the Ministry of Defence, said it would begin a voluntary redundancy programme immediately.
Last week BT announced that 10,000 jobs would go, with the majority of positions to hit the UK. Since last week the Royal Bank of Scotland has said it will cut 3,000 jobs, Virgin Media announced 2,200 losses by 2012 and JCB announced almost 400 redundancies.
This week Wolseley, the construction company, announced that a further 2,300 jobs would go, mainly from the UK, following cuts of 5,000 staff in its first quarter.
Risk, resilience and embracing new technology
Industry sectors news at a glance. Interactive heatmap, video and podcast
The inside track on current trends in the charity, not for profit and social enterprise sectors
Everything the Business Traveller needs to know to make a better trip
Shortcuts to help you find sections and articles
05/2005
£13,500
08/2008
£109,950
2005 / 55
£59,500
Great car insurance deals online
Circa £60,000
The Army Benevolent Fund
London
C£100K+
Chronophage
Isle of Man
12-15 days a year, c £12K
Springboard
London
£Competitive
American Airlines
Heathrow, London
Great Investment, River Views
One and Two Bed Apartments
Wandsworth Town
Times Online Property Search will help you Find It
like nothing on Earth!
.
Must end 28 Feb 2009!
Save up to 25%
Amazing Far East Offers
Visit Malaysia from £755pp
Great travel insurance deals online
.
Contact our advertising team for advertising and sponsorship in Times Online, The Times and The Sunday Times, or place your advertisement.
Times Online Services: Dating | Jobs | Property Search | Used Cars | Holidays | Births, Marriages, Deaths | Subscriptions
News International associated websites: Globrix Property Search | Property Finder | Milkround
Copyright 2008 Times Newspapers Ltd.
This service is provided on Times Newspapers' standard Terms and Conditions. Please read our Privacy Policy.To inquire about a licence to reproduce material from Times Online, The Times or The Sunday Times, click here.This website is published by a member of the News International Group. News International Limited, 1 Virginia St, London E98 1XY, is the holding company for the News International group and is registered in England No 81701. VAT number GB 243 8054 69.