Qinetiq announces 391 job losses
Defence firm Qinetiq has today announced the loss of almost 400 jobs – which union leaders have said are the result of public spending cuts.
According to the firm, around 130 jobs could be axed in Farnborough, Hampshire, and about 230 jobs may go in Malvern, Worcestershire.
The remaining 30 positions will be spread across its UK operations.
According to Trade union, Prospect, the layoffs will be the “tip of the iceberg” and said the job losses could rise up to 700, but this is speculation.
Prospect national officer David Luxton comments: “Our members in QinetiQ give a technological edge to our armed forces which is evident in current military operations.
“The loss of so many skilled and innovative scientists and engineers will inevitably impact on the UK’s defence capabilities,” Mr Luxton added.
He said the firm has commenced a 90-day consultation with the unions.
In the meantime, Qinetiq chief executive Leo Quinn said due to difficult economic circumstances, the company is taking steps to make “costs more competitive and improve our productivity” and it needs to be “better aligned with customer needs.”
Qinetiq, which makes hi-tech military equipment, has a UK workforce of approximately 6,500.
Its largest customer remains the Ministry of Defence.