Rome

Finmeccanica's Selex to shed 2,529 jobs by 2014 in Italy, UK

Some 24 sites also to be shut down

Finmeccanica's Selex to shed 2,529 jobs by 2014 in Italy, UK

Rome, April 5 - Finmeccanica's Selex Elsag unit is to shed 2,529 jobs in the UK and Italy by the end of next year, according to a new business plan that the state-controlled defense giant presented to trade unions on Friday. Some 1,938 job cuts will involve personnel in Italy, according to UILM trade union representative Mario Ghini. The company will also shut down some 25 sites in the UK and in Italy, including of 22 of the 48 it has in Italy, according to trade unions.

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