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Job cuts by large companies in Britain

LONDON: British companies are cutting jobs as they respond to the global economic downturn. Following is a list of some of the biggest names announcing major job cuts since Sept. 31 (in alphabetical order):

AstraZeneca The Anglo-Swedish drug maker said on Nov. 20 it plans 1,400 job cuts and is closing three plants around Europe as it joins others in the sector tackling increased competition and cost pressures.

British Telecom: The group said on Nov. 13 it would cut around 10,000 jobs and planned to trim the cost of its pension scheme after issuing a profit warning.

BAE Systems: British defence manufacturer BAE Systems said 0n Nov 20 it cuts 200 jobs at its land systems business. The company said in August that net profit rose 14 percent in the first half of the year to 586 million pounds.

Daily Mail & General Trust: The newspaper publisher said on Nov. 20 some 400 people had already left or were about to leave its Northcliffe regional newspaper division, over half way towards its job cuts target.

Daimler: The German luxury car maker Daimler will reduce the number of its temporary workers in Germany again, a spokeswoman told AFP on Thursday as the company sought to counter the effects of falling demand. Daimler employs 167,000 workers in Germany, including a maximum of 2,500 temporary staff.

GKN Holdings: The aerospace and defence manufacturer said on Oct. 20 it would reduce its staff by 1,400, close plants and introduce short-term working.

GlaxoSmithKline: The world’s second biggest drugmaker said on Nov. 11 it planned to close its UK manufacturing site in Dartford by 2013, resulting in the loss of 620 jobs.

ITV: The UK’s largest commercial broadcaster on Sept. 30 said it would cut around 1,000 jobs including 430 from its regional news department as part of cost-cutting drive sparked by the challenging market conditions.

Rolls-Royce: The engine maker said on Nov. 20 it would cut between 1,500 and 2,000 jobs worldwide in 2009, or about 4 percent of its workforce, as it responds to the global economic slowdown and resulting project delays. reuters

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