U.K. Aerospace to shed 10% of jobs.

Sandie Seward

The UK aerospace sector is set to cut 10% of jobs, about 10,000 posts, in the next year, an industry body has said.

The Society of British Aerospace Companies said falling passenger levels were hitting aircraft orders as well as spending on research and development.

Demand for military planes was up by about 3% on the same time a year ago, it said, but this was partly thanks to orders placed several years ago.

The sector is worth about £20bn a year and employs about 100,000 people.

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