THIS WEEK IN 1999: Gloom as hundreds of jobs face axe

Hundreds of Hampshire workers were told their jobs were at risk after a high street bank and an aerospace firm announced thousands of redundancies.

Tuesday, 30th May 2017, 7:00 am
Updated Sunday, 4th June 2017, 8:50 pm

Barclays revealed plans to cut 6,000 jobs – a tenth of its workforce – in a massive programme aimed at saving £200m a year.

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It came as engineering giant British Aerospace, which had only recently merged with Marconi’s electronics arm for £8bn, said it would cut 90 staff in Portsmouth and the Isle of Wight.