Company reveals write-offs of £1.7bn and plans to simplify its operations
The British defence company Babcock International is to cut 1,000 jobs after revealing write-offs of £1.7bn and plans to sell off a raft of businesses.
The company, the Ministry of Defence’s second-largest contractor, said 850 jobs would go in the UK, with the remainder overseas. It employs about 30,000 staff worldwide.
