Job cuts could create more employment disputes

Published on 9 Aug 2010 under category: legal

Cost-cutting drives by major companies could see more workers enter into employment disputes.
As economic conditions improve, more firms are reporting increased profits.
Rolls Royce and BAE have filed improved first-half profits, which the latter attributed to its austerity drives.
The arms contractor saw profits rise by 14 per cent in the first six months of the year.
In addition, it has entered into a £500 million deal with the Indian military.
Commenting on the firm's cost reduction, BAE's chief executive Ian King said: "This is an ongoing programme because we want to provide better value for money for our customers and we're driving this quite hard."
The firm is expected to severely cut staff numbers over the rest of the year, in a bid to continue boosting its revenues.
It has already shed 3,300 staff in 2010, with more cuts expected to happen as a loss of government contracts impacts on growth.

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