Defence cut hit BAE workforce

BAE Systems is to cut up to 3,000 jobs in Britain. Europe's biggest defence contractor says shrinking defence spending means fewer orders for its fighter jets. As they cut government spending the UK, Germany, Italy and Spain are slowing production of the Eurofighter, and the United States, the world's biggest arms market, is also slashing billions from its weapons' budgets. ... http://www.euronews.net/