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JOBS in Portsmouth could be under threat after a major employer in the city announced a major round of redundancies.

Airbus, an aeronautical and space engineering company, has announced that 2,362 jobs will be cut around the world, including 357 in the United Kingdom.

The company has a centre in Anchorage Road, Hilsea, and has blamed the job losses on a flat space market and postponed contracts on the defence side.

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Inside the Airbus Defence and Space facility at Hilsea, in Portsmouth. Picture: Ian Hargreaves (150394-7) | JPIMedia

Airbus has more than 25 sites across the UK and is a key supplier for the Ministry of Defence.

The redundancies are due to take place before the end of 2021, with 829 jobs being cut in Germany, 630 in Spain, 404 in France and 142 in other European countries.

It comes as the company enters a restructuring process across Europe, following an announcement in December last year.

The company says further financial implications are also under assessment.

Portsmouth jobs under threat as Airbus announces hundreds of redundancies