Finmeccanica Unit Selex Planning To Lay Off 2,500

LONDON — The Selex ES arm of Italian defense and aerospace giant Finmeccanica plans to lay off more than 2,500 employees as it attempts to restructure in a bid to help its struggling parent. Selex management presented its plans to the Finmeccanica board on March 26 to cut 2,529 staffers from across...

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