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January 1, 1987

GEC REDUNDANCIES SHOULD BE LOWER THAN 1,900 ORIGINALLY THOUGHT

By CBR Staff Writer

But competitors are bemused that GEC Plc should be talking in terms of up to 1,900 redundancies as a result of termination of work on the Nimrod airborne early warning system at a time when the kinds of skills involved are in such short supply and GEC has over UKP1,500m in the bank: the likes of Plessey are eagerly recruiting among the people who may get their cards in March, while GEC says that it will try to find many of them jobs in other parts of the group, and hopes that the final number made redundant will be much lower than 1,900.

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