Financial Times FT.com

Qinetiq maintains cost-cutting focus

By Jeremy Lemer

Published: May 21 2009 10:43 | Last updated: May 21 2009 18:38

Qinetiq, the defence research group, said it would shed a further 400 jobs from its sluggish European business even as the US powered the company to better-than-expected full-year revenues and profits.

Thursday’s announcement is likely to inflame an already tense pay dispute in the UK. Last week four unions, including Prospect and Unite, balloted members on strike action.

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