Over the next two years, Alenia Aeronautica will execute a major restructuring that could shed as many as 1,700 jobs in an effort to make the company more efficient and competitive in the global market. Chief Executive Giuseppe Giordo and newly appointed Chairman Amedeo Caporaletti say the move is the second, more aggressive phase of a broader reorganization launched in November 2010 that reduced the company's workforce by 1,000 during the past year. Top Alenia managers say the ...

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