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Thursday, September 16, 2010

GRIM PROSPECTS

"Last week, defense group BAE Systems said it was cutting near 1,000 jobs, while 700 were lost at Connaught, the social housing group that fell into administration last week. BAE chief executive Ian King's comment at last week's defense select committee were chilling. He claimed the cancellation of a £5 billion contract for two Royal Navy aircraft carriers would jeopardise Britain's entire shipbuilding industry." (Observer, 12 September) RD

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